Why is Lagnam Spintex falling/rising?

As of 19-Sep, Lagnam Spintex Ltd is currently priced at 87.55, reflecting an increase of 1.06 or 1.23%. The stock has shown a positive performance today, outperforming its sector by 1.03%. In the past week, it has gained 5.61%, although it has experienced a decline of 2.70% over the past month and a significant drop of 32.89% year-to-date. The stock is trading at a discount compared to its peers, with a return on capital employed (ROCE) of 8.4, indicating an attractive valuation despite its profits falling by 10.5% over the past year. However, the company faces challenges such as high debt levels, with a debt-to-equity ratio of 2.62, and a significant portion of promoter shares (48.16%) being pledged, which could exert downward pressure on the stock price.
In the broader market context, Lagnam Spintex's recent performance contrasts with the benchmark Sensex, which has risen by 0.85% over the past week and 7.11% year-to-date. While the stock has shown some short-term recovery, its long-term performance remains concerning, with a 27.91% decline over the past year and underperformance relative to the BSE500 in multiple time frames. The company's flat results in recent quarters, including a 38.7% drop in profit after tax and a 7.5% decrease in net sales compared to previous averages, further highlight the challenges it faces in maintaining investor confidence amidst a backdrop of weak long-term fundamentals.