Why is Jagan Lamps falling/rising?

As of 19-Sep, Jagan Lamps Ltd is currently priced at 81.12, reflecting a decrease of 1.07 or 1.3%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.94% during this period. Although the stock opened with a gain of 5.24% today and reached an intraday high of Rs 86.5, it has still underperformed its sector by 1.41%. Over the past week, Jagan Lamps has shown a return of +2.68%, but its year-to-date performance remains concerning with a decline of 15.10%. The company has a Return on Capital Employed (ROCE) of 8.1, indicating attractive valuation, yet it has faced weak long-term fundamentals, as evidenced by negative results in June and a significant drop in delivery volume.
In the broader market context, Jagan Lamps has underperformed compared to the Sensex, which has gained 0.88% over the past week. While the stock has shown some resilience in the short term with a 4.00% increase over the last month, its year-on-year return of -13.87% starkly contrasts with the Sensex's slight decline of -0.67%. This underperformance is compounded by a weak long-term outlook, as the stock's decline has been more pronounced than the broader market's negative returns. The falling investor participation and liquidity issues further contribute to the stock's current struggles, suggesting a challenging environment for Jagan Lamps Ltd.