Why is Orient Ceratech falling/rising?

As of 24-Sep, Orient Ceratech Ltd's stock price is currently at 37.75, reflecting a decrease of 0.66, or 1.72%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 7.25% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, falling by 39.44% compared to the 5-day average, indicating a drop in investor participation. Despite having a low Debt to EBITDA ratio of 1.47, which suggests a strong ability to service debt, the company's profitability is concerning, as evidenced by a low Return on Capital Employed (ROCE) of 4.63% and a significant year-over-year profit decline of 28.7%.
In the broader market context, the stock has underperformed compared to the Sensex, which has shown a slight gain of 0.50% over the past month while Orient Ceratech has declined by 2.13%. Over the last year, the stock's performance has been particularly poor, with a return of -29.39%, significantly worse than the market's decline of -3.77%. This stark contrast highlights the company's struggles relative to the overall market. The combination of poor management efficiency, flat results, and a high debt-equity ratio further exacerbates the stock's negative outlook, contributing to its ongoing decline.