Why is LGB Forge falling/rising?

As of 18-Sep, LGB Forge Ltd's stock price is currently at 9.44, reflecting an increase of 0.08 or 0.85%. The stock's performance today is in line with the sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Despite the recent uptick, the stock has shown a decline of 4.65% over the past month and a significant year-to-date drop of 42.79%. The company has reported positive results for the last three consecutive quarters, with notable figures such as an operating cash flow of Rs 15.60 Cr and an operating profit to net sales ratio of 6.04%. However, it faces challenges with weak long-term fundamental strength, as indicated by a low return on capital employed (ROCE) of 3.81% and a high debt to EBITDA ratio of 7.49 times, which may hinder its growth prospects.
In the broader market context, LGB Forge Ltd has outperformed the Sensex with a 1-week return of 2.83% compared to the benchmark's 1.80%. However, the stock has consistently underperformed against the benchmark over the last three years, with a return of -2.68% in the past year, while the Sensex has seen a modest increase of 0.08%. This underperformance, coupled with a significant decline in investor participation, as evidenced by a 45.7% drop in delivery volume, suggests a lack of confidence among investors despite the recent positive quarterly results. The stock's expensive valuation relative to its peers and its inability to service debt effectively further contribute to the cautious outlook surrounding LGB Forge Ltd.