Why is Jagan Lamps falling/rising?

As of 12-Aug, Jagan Lamps Ltd is experiencing a decline in its stock price, currently at Rs 79.50, reflecting a decrease of 2.07 (-2.54%). The stock has been on a downward trend, having fallen for the last five consecutive days, resulting in a total decline of 7.6% over the past week. Today's trading opened with a significant loss of 4.07%, and the stock reached an intraday high of Rs 83.45 before dropping to a low of Rs 78.25. The stock's performance has underperformed its sector by 2.26%, and the delivery volume has decreased sharply by 53.17% compared to the five-day average, indicating falling investor participation. Despite having a relatively attractive valuation with a Return on Capital Employed (ROCE) of 9.7, the stock's profits have decreased by 3.1% over the past year, contributing to its negative performance.
In the broader market context, Jagan Lamps Ltd has underperformed compared to the Sensex, which has only declined by 0.59% over the past week. While the stock has shown a positive return of 2.00% over the past month, its year-to-date performance is significantly worse, with a decline of 16.80% compared to the Sensex's increase of 2.68%. 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. This combination of factors, including flat quarterly results and a substantial underperformance relative to the broader market, suggests that the stock is facing significant challenges, leading to its current downward price movement.