Why is Jagan Lamps falling/rising?

As of 15-Sep, Jagan Lamps Ltd is currently priced at 79.47, reflecting an increase of 0.47 or 0.59%. The stock has shown a mixed performance recently, with a 1-week return of +1.21% and a 1-month return of +2.59%, both of which are slightly below the benchmark Sensex's returns of +1.24% and +1.47%, respectively. However, the stock has underperformed significantly over the longer term, with a year-to-date decline of -16.83% compared to the Sensex's gain of +4.67%. The stock's performance today has been hindered by a decrease in investor participation, as evidenced by a 30.03% drop in delivery volume against the 5-day average. While the stock is trading at a discount compared to its peers, it has a weak long-term fundamental strength, indicated by a low Return on Capital Employed (ROCE) of 9.21%.
In the broader market context, Jagan Lamps has underperformed the market over the last year, with a return of -20.93% compared to the BSE500's decline of -3.45%. This significant disparity highlights the stock's struggles relative to the overall market environment. Despite the recent uptick in price, the stock's long-term performance and weak fundamentals may continue to weigh on investor sentiment, contributing to its volatility. The company's recent negative financial results, including the lowest net sales and earnings per share in the last quarter, further exacerbate concerns about its future performance, making the stock less attractive to potential investors.