Why is Indo Count Inds. falling/rising?

As of 22-Aug, Indo Count Industries Ltd is experiencing a slight increase in its stock price, currently at 250.30, reflecting a change of 0.9 or 0.36% upward. The stock has shown a performance today that outperformed its sector by 0.59%, indicating a positive trend reversal after two consecutive days of decline. However, over the past month, the stock has fallen by 15.44%, and its year-to-date performance shows a significant decline of 23.24%. Despite a high management efficiency with a return on capital employed (ROCE) of 18.12% and a low debt to EBITDA ratio of 1.45 times, the stock has underperformed in the long term, with a 38.95% drop over the past year, coinciding with a 39.8% decrease in profits.
In the broader market context, the stock's short-term return of 2.20% over the past week outpaces the Sensex's return of 0.88%, suggesting some resilience in the face of broader market trends. However, the stock's long-term performance remains concerning, as it has significantly lagged behind the market, which has only declined by 1.07% over the past month. The company's recent negative results over four consecutive quarters, coupled with rising raw material costs and increasing interest expenses, contribute to a bearish outlook, despite its attractive valuation compared to peers. This combination of factors indicates that while there may be short-term gains, the overall sentiment towards Indo Count Industries Ltd remains cautious.