Why is Orient Ceratech falling/rising?

As of 15-Jul, Orient Ceratech Ltd's stock price is currently at Rs 40.99, reflecting an increase of Rs 1.74 or 4.43%. The stock has shown a trend reversal today, gaining after five consecutive days of decline. It outperformed its sector by 4.37% and reached an intraday high of Rs 41.97, marking a 6.93% increase. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 21.17% and a one-year drop of 22.43%. The company has a low Debt to EBITDA ratio of 1.47, indicating a strong ability to service debt, and its operating profit has grown at an annual rate of 47.95%. However, the stock's profitability is hindered by a low Return on Capital Employed (ROCE) of 4.63%, and profits have fallen by 37.7% over the past year, contributing to its overall negative performance.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a modest increase of 5.67% year-to-date. While Orient Ceratech's stock has gained today, it has still lagged behind the market over the past year, where the BSE500 index generated a return of 0.37%. The stock's recent rise may be attributed to a temporary recovery after a period of decline, but the overall negative sentiment remains due to its significant underperformance compared to the market and the declining investor participation, as evidenced by a 23.71% drop in delivery volume against the five-day average.