Why is Jagan Lamps falling/rising?

As of 09-Sep, Jagan Lamps Ltd's stock price is currently at 78.99, reflecting an increase of 0.47 or 0.6%. Today's price summary indicates that the stock has outperformed its sector by 0.42%, although it is trading above its 5-day, 20-day, and 100-day moving averages, while remaining below its 50-day and 200-day moving averages. Despite a recent uptick, the stock has experienced a decline of 3.45% over the past month and a significant drop of 17.33% year-to-date. The company has a return on capital employed (ROCE) of 9.7, which suggests an attractive valuation, yet it has underperformed the market over the last year, with a return of -18.78% compared to the broader market's -0.56%. Additionally, the stock's delivery volume has fallen sharply by 64.53% against the 5-day average, indicating a decrease in investor participation.
In the broader market context, Jagan Lamps' recent performance shows a positive short-term return of 2.05% over the past week, which is better than the Sensex's 1.18% gain during the same period. However, the stock's long-term fundamentals appear weak, with a low average ROCE of 9.21% and disappointing financial results reported in June, including the lowest net sales and earnings per share. While the stock trades at a discount compared to its peers, the overall negative sentiment and significant underperformance relative to the market suggest that investors may remain cautious.