Why is Indo Cotspin falling/rising?

As of 05-Sep, Indo Cotspin Ltd's stock price is currently at 28.50, reflecting a decrease of 0.17, or 0.59%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 29.39% compared to the 5-day average. The stock has underperformed in the last year, with a staggering decline of 67.87%, while the company's fundamentals show weak long-term growth and a low return on equity of 2.72%. The company's recent financial performance has also been poor, with flat results reported in June 2025.
In the broader market context, Indo Cotspin's short-term performance has been negative, with a 2.46% decline over the past week, while the benchmark Sensex has gained 1.13%. This stark contrast highlights the stock's struggles relative to the overall market. Despite a slight positive return of 1.28% over the past month, the stock's year-to-date performance remains concerning at a loss of 25.00%. The company's high valuation, reflected in a price-to-book ratio of 2.8, further exacerbates its challenges, as it trades at a premium compared to its peers. Overall, the combination of weak fundamentals, declining investor interest, and poor recent performance contributes to the stock's downward movement.