Why is Jagan Lamps falling/rising?

As of 13-Aug, Jagan Lamps Ltd is experiencing a decline in its stock price, currently at 79.00, reflecting a decrease of 0.5, or 0.63%. The stock has been underperforming, having lost 8.18% over the last six days, and it has underperformed its sector by 2.25% today. Additionally, the stock's performance over the past year shows a significant decline of 13.28%, while its profits have decreased by 3.1%. Despite having an attractive valuation with a Return on Capital Employed (ROCE) of 9.7 and trading at a discount compared to peers, the stock's long-term fundamental strength appears weak, contributing to its recent price movement.
In the broader market context, Jagan Lamps has underperformed the benchmark, with a one-year return of -13.28% compared to the BSE500's decline of only -0.64%. This stark contrast highlights the stock's struggles relative to the market. The stock's liquidity is also a concern, as evidenced by a significant drop in delivery volume, which has fallen by 69.38% against the five-day average. Overall, the combination of poor short-term performance, declining investor participation, and weak long-term growth prospects has led to the stock's current downward trend.