Why is Indo Euro Indch. falling/rising?

As of 16-Sep, Indo Euro Indchem Ltd's stock price is currently at 12.47, reflecting a decrease of 0.03, or 0.24%. The stock has experienced a trend reversal, falling after four consecutive days of gains. Despite this recent decline, the stock has shown a positive return of 5.95% over the past week and 3.74% over the past month, which is significantly higher than the Sensex's returns of 1.58% and 2.21% for the same periods. However, the stock's long-term performance remains concerning, with a year-to-date decline of 22.98% and a three-year drop of 25.55%. The company's weak fundamentals, highlighted by a low return on equity of 3.98% and a negative EBITDA, contribute to its underperformance, as does the significant drop in delivery volume, which fell by 85.39% compared to the five-day average.
In the broader market context, while Indo Euro Indchem Ltd has outperformed the Sensex in the short term, its long-term performance has been lackluster, with consistent underperformance against the benchmark over the last three years. The stock's ability to attract investor interest appears to be waning, as indicated by the falling delivery volumes and the overall weak financial health of the company. This combination of factors suggests that despite some short-term gains, the stock is facing significant challenges that could hinder its recovery in the long run.