Why is Indo Cotspin falling/rising?

As of 09-Sep, Indo Cotspin Ltd's stock price is currently at 28.55, reflecting a slight decline of 0.01, or 0.04%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume by 283.6% compared to the 5-day average, the stock has underperformed significantly over various periods, with a year-to-date decline of 24.87% and a staggering 67.80% drop over the past year. The company's weak long-term fundamentals, highlighted by a low return on equity of 2.72% and poor operating profit growth, contribute to its negative performance. Additionally, the stock's high valuation relative to peers, coupled with flat quarterly results, further exacerbates investor concerns.
In the broader market context, Indo Cotspin's performance has been notably worse than the benchmark, with the Sensex showing a positive return of 1.18% over the past week, while Indo Cotspin has declined by 2.23%. This trend of underperformance continues over the last month and year, where the stock's returns have been significantly lower than the market average. The overall market has seen a slight increase, contrasting sharply with Indo Cotspin's substantial losses, indicating that investor sentiment towards the stock remains negative amidst a generally stable market environment.