Why is Kanoria Chem. falling/rising?

As of 17-Sep, Kanoria Chemicals & Industries Ltd is currently priced at 83.42, reflecting an increase of 0.92 or 1.12%. Despite this uptick, the stock has shown a negative performance trend, with a decline of 2.36% over the past week and a significant drop of 26.31% year-to-date. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable rise in investor participation, with delivery volume increasing by 459.5% against the 5-day average. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 1.14% and high Debt to EBITDA ratio of 9.38 times, contribute to its classification as a strong sell. Additionally, the stock's performance has been hindered by a high percentage of pledged promoter shares, which can exert downward pressure in a falling market.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.56% over the past week and 5.83% year-to-date. This consistent underperformance against the benchmark, coupled with a staggering 49.91% decline over the past year, highlights the challenges faced by Kanoria Chemicals. The company's flat results and negative operating profits further exacerbate its risk profile, making it less attractive to investors compared to the overall market. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and market conditions suggest continued challenges ahead for Kanoria Chemicals.