Why is Laxmi Cotspin falling/rising?

As of 19-Sep, Laxmi Cotspin Ltd's stock price is currently at 24.48, reflecting an increase of 0.25 or 1.03%. Despite this positive movement today, the stock has experienced a decline of 1.17% over the past week and a significant drop of 6.67% over the past month. 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 increase in investor participation, with delivery volume rising by 69.52% compared to the 5-day average. While the company reported positive results in June, including a 105.80% growth in PAT and a 66.36% increase in net sales, it has also faced challenges, such as a -31.77% return over the past year and a -36% decline in profits, which may contribute to investor caution.
In the broader market context, Laxmi Cotspin's recent performance contrasts with the Sensex, which has gained 0.85% over the past week and 1.39% over the past month. This underperformance is further highlighted by the stock's negative returns over the last year and its inability to keep pace with the BSE500 index over various time frames. The company's weak long-term fundamentals, characterized by a low return on capital employed and a high debt-to-EBITDA ratio, suggest challenges in sustaining growth. Consequently, while today's price increase may reflect short-term trading activity, the overall sentiment appears to be cautious due to the stock's long-term performance and fundamental weaknesses.