Why is Jagan Lamps falling/rising?

As of 10-Jul, Jagan Lamps Ltd is currently priced at 77.66, reflecting a decrease of 0.35 or 0.45%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.11% during this period. Additionally, the stock has generated a negative return of 24.23% over the past year, with a recent performance today that underperformed its sector by 0.43%. The delivery volume has also seen a significant drop of 78.5% compared to the 5-day average, indicating a decrease in investor participation. While the stock is trading at a discount compared to its peers and has an attractive valuation with a ROCE of 9.7, its profits have declined by 3.1% over the past year, contributing to the negative sentiment surrounding the stock.
In the broader market context, Jagan Lamps has underperformed relative to the Sensex, which has shown a slight increase of 0.97% over the past month, while Jagan Lamps has gained only 4.95% in the same timeframe. This stark contrast highlights the stock's struggles, particularly given its year-to-date return of -18.72% compared to the Sensex's positive 6.46%. The stock's long-term fundamentals are also weak, with an average ROCE of 9.21% and poor growth in operating profit over the past five years, further exacerbating its underperformance against the benchmark indices.