Why is Orient Ceratech falling/rising?

As of 22-Sep, Orient Ceratech Ltd is currently priced at 39.41, reflecting a decline of 0.81, or 2.01%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 3.17% during this period. Despite a recent increase in investor participation, as indicated by a significant rise in delivery volume, the stock's performance over the past year has been disappointing, with a return of -28.15% and a profit decline of 28.7%. The company does have a strong ability to service its debt, supported by a low Debt to EBITDA ratio of 1.47 times, and it is trading at a discount compared to its peers, which may provide some support for its valuation.
In the broader market context, the stock has shown a positive return of 1.29% over the past week, outperforming the Sensex, which only gained 0.46% during the same period. However, the year-to-date performance reveals a stark contrast, with Orient Ceratech down 24.21% compared to the Sensex's gain of 5.15%. This disparity highlights the challenges the company faces in regaining investor confidence despite some positive indicators, such as attractive valuations and liquidity, which may not be sufficient to counteract the recent negative momentum in its stock price.