Why is Sanginita Chemi. falling/rising?

As of 11-Sep, Sanginita Chemicals Ltd is currently priced at 9.75, reflecting an increase of 0.15 or 1.56%. Despite this positive movement today, the stock has been trading below its moving averages across various time frames, indicating a bearish trend. The stock has underperformed significantly over the past year, with a return of -39.06%, while profits have also decreased by -31%. Additionally, the delivery volume has fallen sharply by 47.58% against the 5-day average, suggesting a decline in investor participation. While the company has a very attractive valuation with a low enterprise value to capital employed ratio, its weak long-term fundamentals, such as a high debt to EBITDA ratio and low return on equity, contribute to a negative outlook.
In the broader market context, Sanginita Chemicals has outperformed the sector by 1.7% today, but its one-week return of +1.46% is slightly better than the Sensex's +1.10%. However, the stock's year-to-date performance is concerning, with a decline of -37.18% compared to the Sensex's gain of +5.75%. This consistent underperformance against the benchmark over the last three years highlights the challenges the company faces, including weak operating profit growth and declining sales figures. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and market conditions suggest a cautious approach for investors.