Why is Orient Ceratech falling/rising?

As of 19-Sep, Orient Ceratech Ltd is currently priced at 40.22, reflecting a decline of 0.48, or 1.18%. The stock has recently outperformed its sector by 1.38%, although it has experienced a trend reversal after two consecutive days of gains. In terms of performance over the past week, the stock has increased by 2.34%, but it has significantly underperformed on a year-to-date basis with a decline of 22.65%. Despite a low Debt to EBITDA ratio of 1.47 times indicating a strong ability to service debt, the stock's profits have fallen by 28.7% over the past year, contributing to its negative return of 25.52%. Additionally, while the stock is trading at a discount compared to its peers, the overall sentiment remains cautious due to these profit declines.
Broader market context shows that while the stock has outperformed the sector recently, it has lagged behind the benchmark index, Sensex, which has gained 5.74% year-to-date compared to the stock's significant drop. The sector, specifically abrasives, has also seen a decline of 2.56%, indicating broader challenges within the industry. The stock's liquidity remains adequate, with a delivery volume increase of 1.46% against the five-day average, suggesting some investor interest despite the overall negative performance.