Why is New Light Appare falling/rising?

As of 13-Aug, New Light Apparels Ltd is currently priced at 1.85, showing no change (0.00%). The stock has underperformed its sector today by 0.34%, and while it is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 4.52%, and in the last month, it has risen by 5.71%. However, it has generated a significant decline of 60.34% over the past year. Positive factors contributing to its recent performance include consistent positive results over the last seven quarters, a notable growth in net sales, and an attractive valuation compared to peers. However, the stock's long-term fundamentals are weak, with a low average return on capital employed and poor growth rates over the past five years, which may be causing investor caution.
In the broader market context, the Sensex has shown a slight decline of 0.01% over the past week, while New Light Apparels Ltd has outperformed this benchmark. Despite the stock's recent short-term gains, its long-term performance remains concerning, as it has underperformed the BSE500 over various time frames, including the last three years. The falling investor participation, indicated by a significant drop in delivery volume, suggests that market sentiment may be shifting negatively despite the company's recent positive financial results. This combination of factors indicates that while there may be short-term gains, the overall outlook for the stock remains uncertain.