Why is Jagan Lamps falling/rising?

As of 14-Jul, Jagan Lamps Ltd is currently priced at 78.43, reflecting an increase of 0.49 (0.63%). The stock has been gaining for the last two days, with a total return of 0.99% during this period. However, it has underperformed its sector by 0.76%. Over the past week, the stock has seen a decline of 1.94%, while it has performed better over the last month with a return of 10.46%. Despite the recent gains, the stock has a concerning long-term performance, with a return of -22.96% over the past year and a decline in profits by 3.1%. The stock is trading at a discount compared to its peers, but its weak long-term fundamentals and a low Return on Capital Employed (ROCE) of 9.7 suggest underlying challenges.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 1.40% over the past month. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume indicates falling investor participation, which could impact future price movements. Overall, while Jagan Lamps has shown some short-term gains, the long-term outlook remains weak, and the stock's performance relative to the benchmark highlights ongoing challenges in attracting investor confidence.