Why is Indo Count Inds. falling/rising?

As of 28-Jul, Indo Count Industries Ltd is experiencing a price increase, currently at Rs 295.00, reflecting a rise of Rs 6.00 or 2.08%. Today, the stock opened with a gain of 3.08% and reached an intraday high of Rs 300.95, outperforming its sector by 2.97%. Despite a year-to-date decline of 9.54% and a significant drop of 27.08% over the past year, the stock has shown resilience with a 114.31% increase over three years. The company benefits from high management efficiency, indicated by a return on capital employed (ROCE) of 18.12%, and a low debt to EBITDA ratio of 1.45 times, suggesting a strong ability to service its debt. However, it has faced challenges with negative results over the last three quarters and a decline in net sales, which have contributed to its overall poor performance in the past year.
In the broader market context, Indo Count Industries Ltd has underperformed against the benchmark Sensex, which has shown a slight decline of 0.54% over the past year, while the stock itself has dropped by 27.08%. In the short term, the stock's performance has been better than the benchmark, with a 1-week return of -1.35% compared to the Sensex's -1.59%. This indicates that while the stock is currently rising, it still faces significant long-term challenges that could impact its future performance.