Why is Laxmi Organic falling/rising?

As of 18-Sep, Laxmi Organic Industries Ltd is currently priced at 220.90, reflecting an increase of 2.3, or 1.05%. Today's performance indicates that the stock has outperformed its sector by 1.85%. However, despite this short-term gain, the stock has shown a negative return of -0.63% over the past week and -9.08% year-to-date. The company has a low Debt to Equity ratio of 0.05, which is generally favorable, but it faces significant challenges, including a poor long-term growth outlook with an annual operating profit decline of -17.98% over the last five years. Additionally, the stock's recent performance is marred by a substantial drop in profit after tax, which decreased by -45.14% in the latest six months, and a low return on capital employed of 8.36%.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.80% over the past week and 6.24% year-to-date. This consistent underperformance against the benchmark over the last three years, alongside a significant decline in profits, suggests that investor confidence may be waning. The stock's valuation appears expensive with a Price to Book Value of 3.2, despite trading at a discount compared to its peers. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and long-term performance metrics indicate a challenging environment for Laxmi Organic Industries Ltd.