Why is New Light Appare falling/rising?

As of 27-Jun, New Light Apparels Ltd is experiencing a decline in its stock price, currently at 1.79, which reflects a decrease of 0.02 or 1.1%. The stock has been underperforming significantly, having fallen consecutively for the last 11 days, resulting in a total return of -16.36% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the company has reported positive results over the last six consecutive quarters, including a high return on capital employed (ROCE) of 7.06% and a strong inventory turnover ratio, the overall sentiment remains negative due to weak long-term fundamentals, including a low average ROCE of 2.97% and poor sales growth.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a 1-week return of -6.77% against a positive return of +2.00% for the Sensex. This underperformance is compounded by the fact that the stock has generated a return of -7.73% over the past year, while the benchmark has risen by 6.08%. The rising investor participation, indicated by a significant increase in delivery volume, suggests some interest in the stock; however, the overall liquidity remains low, and the stock's long-term growth prospects appear limited. Consequently, the combination of recent poor performance and weak fundamentals has led to a negative outlook for New Light Apparels Ltd.