Why is Jagan Lamps falling/rising?

As of 11-Jul, Jagan Lamps Ltd is currently priced at 77.94, reflecting a slight increase of 0.28 or 0.36%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.04%. However, it has experienced a significant drop of 9.27% over the past week and a year-to-date decline of 18.43%. While the stock is trading at a discount compared to its peers and has an attractive valuation with a return on capital employed (ROCE) of 9.7, it has also seen a decrease in profits by 3.1% over the past year. Additionally, the delivery volume has fallen by nearly 30% against the five-day average, indicating reduced investor participation.
In the broader market context, the Sensex has only declined by 1.12% over the past week, suggesting that Jagan Lamps' short-term performance is significantly worse than the benchmark. The stock's long-term fundamentals appear weak, with an average ROCE of 9.21% and poor growth in operating profit over the last five years. Furthermore, the stock has underperformed the BSE500 over various time frames, including the last year and three years. This combination of weak performance metrics and declining investor interest contributes to the stock's overall negative sentiment in the market.