Why is Mitsu Chem Plast falling/rising?

As of 11-Sep, Mitsu Chem Plast Ltd is currently priced at 102.75, reflecting a slight increase of 0.2 (0.2%). Despite this recent uptick, the stock has been underperforming, with a 1-week return of -4.86% and a year-to-date decline of -8.34%. The stock has shown a consecutive gain over the last two days, rising by 0.34%, but it is still trading below its moving averages across various timeframes. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 63.89% compared to the 5-day average. The company has an attractive valuation with a return on capital employed (ROCE) of 10.6, but it also faces challenges such as a high Debt to EBITDA ratio of 2.85 times and a consistent underperformance against benchmarks over the past three years.
In the broader market context, the Sensex has gained 1.03% over the past week, contrasting sharply with Mitsu Chem Plast's decline. While the stock has generated a modest return of 2.49% over the past month, it still lags behind the benchmark's 1.17% increase. The company's long-term growth prospects appear weak, with operating profit growth averaging only 3.84% over the last five years and a significant drop in profits of 13.1% over the past year. This combination of factors suggests that while there may be short-term fluctuations in price, the overall sentiment remains cautious due to the company's financial challenges and historical underperformance.