Why is Polycon Intl. falling/rising?

As of 29-Sep, Polycon International Ltd's stock price is currently at 22.54, reflecting a decrease of 0.46, or 2.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.67% during this period. Additionally, it has underperformed its sector by 1.43%. Over the past year, the stock has generated a return of -31.39%, significantly worse than the broader market, which saw a decline of only 6.08%. The company's financial health is concerning, with a high debt-to-equity ratio of 8.26 times and stagnant sales growth, contributing to its weak long-term fundamentals. Furthermore, the stock is trading below all key moving averages, indicating a bearish trend.
In the broader market context, Polycon's short-term performance has been notably worse than the benchmark, as it has declined by 6.71% over the past week compared to the Sensex's drop of 2.18%. This stark contrast highlights the stock's struggles relative to market conditions. The company's weak return on capital employed (ROCE) of 0% and poor inventory turnover ratio further exacerbate investor concerns, leading to diminished participation, as evidenced by a significant drop in delivery volume. Overall, these factors collectively contribute to the stock's downward trajectory and investor sentiment.