Why is Jagan Lamps falling/rising?

As of 10-Sep, Jagan Lamps Ltd is currently priced at 78.00, reflecting a decrease of 0.99, or 1.25%. The stock has underperformed its sector today by 1.22%, and while it is trading higher than its 5-day and 100-day moving averages, it remains below its 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has shown a slight increase of 0.58%, but it has significantly underperformed over the last month and year, with returns of -4.66% and -22.57%, respectively. Despite a recent rise in investor participation, indicated by an 87.75% increase in delivery volume, the stock's weak long-term fundamentals, highlighted by a low return on capital employed (ROCE) of 9.21%, contribute to its downward price movement.
In the broader market context, Jagan Lamps' performance contrasts sharply with the Sensex, which has gained 1.06% over the past week and 4.21% year-to-date. The stock's negative returns over the past year are particularly concerning, as it has fallen more than the broader market, which experienced a decline of only -2.89%. Although the company has a relatively attractive valuation compared to its peers, the recent negative financial results, including the lowest net sales and earnings per share in the last quarter, have further pressured the stock price. Overall, the combination of weak fundamental performance and significant underperformance relative to the market has led to the stock's current decline.