Why is Laxmi Cotspin falling/rising?

As of 22-Sep, Laxmi Cotspin Ltd's stock price is currently at 24.67, reflecting an increase of 0.19 or 0.78%. The stock has shown mixed performance recently, with a slight outperformance against its sector today by 1.49%. However, it is important to note that the stock has been underperforming over the past month, down 2.91%, and has experienced a significant decline of 34.54% over the past year. While the company reported positive results in June, including a higher PAT and substantial growth in net sales, it also faces challenges such as a weak long-term fundamental strength indicated by a negative ROCE and a high debt to EBITDA ratio. This combination of factors contributes to a cautious outlook despite some positive short-term metrics.
In the broader market context, Laxmi Cotspin's recent performance shows a slight improvement compared to the benchmark Sensex, which has risen by 0.53% over the past week. However, the stock's year-to-date decline of 21.68% starkly contrasts with the Sensex's gain of 6.59% during the same period. This disparity highlights the stock's ongoing struggles despite some positive developments, suggesting that investor sentiment remains cautious, particularly given the company's long-term growth challenges and declining investor participation.