Why is Lorenzini Appar. falling/rising?

As of 19-Sep, Lorenzini Apparels Ltd is experiencing a price increase, with the current price at 11.88, reflecting a rise of 0.15 or 1.28%. The stock has shown a positive trend, gaining for the last four consecutive days and achieving a total return of 5.32% during this period. Despite this recent uptick, the stock has a year-to-date decline of 34.40% and a significant one-year drop of 64.46%. The company benefits from high management efficiency, indicated by a return on equity (ROE) of 18.93%, and a low debt-to-equity ratio of 0.08, which suggests a stable financial position. However, negative results from the latest quarter, including a 39.46% drop in net sales and a 48.4% decrease in profit after tax, raise concerns about its profitability and valuation, which is considered expensive relative to its peers.
In the broader market context, the stock has underperformed compared to the benchmark, with a one-year return of -64.46% against the BSE500's decline of only -1.96%. In the short term, while the stock has outperformed its sector by 1.08% today, it still lags behind the Sensex's 1-week return of +0.88% and a 1-month return of +1.20%. The falling investor participation, as indicated by a 13.88% decrease in delivery volume, may also signal a lack of confidence among investors, despite the recent gains. Overall, while there are some positive indicators, the significant historical underperformance and recent negative financial results contribute to a cautious outlook for Lorenzini Apparels Ltd.