Why is Indo Cotspin falling/rising?

As of 10-Oct, Indo Cotspin Ltd's stock price is currently at Rs. 28.00, reflecting a decrease of -0.1 (-0.36%). The stock has recently hit a new 52-week low of Rs. 23 and has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of -5.85%. The stock has underperformed its sector by -1.39% today and is trading below all key moving averages, indicating weak momentum. Additionally, the stock has shown significant underperformance over various periods, with a -34.76% return over the past year and a -9.68% return over the last month. The company's fundamentals are weak, highlighted by a low return on equity (ROE) of 2.72% and poor growth metrics, including an operating profit growth rate of only 8.73% over the last five years.
In the broader market context, Indo Cotspin's performance contrasts sharply with the Sensex, which has gained +1.32% over the past month and +5.58% year-to-date. This consistent underperformance against the benchmark, coupled with a significant drop in investor participation—evidenced by a 75.78% decline in delivery volume—suggests a lack of confidence among investors. The company's financial health is further questioned due to its weak ability to service debt, as indicated by a poor EBIT to Interest ratio of 0.02, and an expensive valuation relative to peers, which may deter potential investors. Overall, these factors contribute to the stock's declining price and negative market sentiment.