Why is Indo Count Inds. falling/rising?

As of 27-Jun, Indo Count Industries Ltd is experiencing a slight increase in its stock price, currently at 295.50, reflecting a change of 0.95 or 0.32% upward. The stock has shown a strong performance over the past week, gaining 10.04% and outperforming the sector by a small margin. However, it has underperformed in the longer term, with a 1-month return of -7.92% and a year-to-date decline of -9.38%. Despite a high return on capital employed (ROCE) of 18.12% and a low debt-to-EBITDA ratio of 1.45, the company has faced challenges, including a significant drop in profits of -27.2% over the past year and negative results for the last three consecutive quarters, which may be contributing to investor caution.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has returned 3.07% over the past month and 7.58% year-to-date. While Indo Count Industries Ltd has gained 8.36% in the last week, its longer-term performance remains concerning, particularly given its -23.91% return over the past year compared to the market's positive performance. This underperformance, coupled with declining net sales and operating profit, suggests that while there may be short-term gains, the overall outlook for the stock remains uncertain, leading to mixed investor sentiment.