Why is Jagan Lamps falling/rising?

As of 24-Sep, Jagan Lamps Ltd is experiencing a decline in its stock price, currently at 81.00, reflecting a decrease of -0.26 or -0.32%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total drop of -1.36%. Additionally, the stock's performance over the past week shows a decline of -3.11%, while it has underperformed the benchmark Sensex, which has only decreased by -1.18%. The stock is trading above its 20-day, 100-day, and 200-day moving averages but below its 5-day and 50-day moving averages. Notably, there has been a significant drop in investor participation, with delivery volume falling by -76.01% compared to the 5-day average, indicating reduced interest from investors.
In the broader market context, Jagan Lamps' recent performance contrasts with the Sensex, which has shown a slight positive return of +0.50% over the past month, while Jagan Lamps has declined by -0.78%. The company has a relatively attractive valuation with a Return on Capital Employed (ROCE) of 8.1, but it also faces challenges, including weak long-term fundamentals and disappointing financial results, such as the lowest net sales and profit before tax recorded in June. Despite a slight increase in profits over the past year, the stock's overall return of -13.83% further highlights its struggles compared to the benchmark's performance.