Why is Sonam falling/rising?

As of 18-Sep, Sonam Ltd's stock price is currently at 46.31, reflecting a decrease of 1.36, or 2.85%. The stock has underperformed its sector by 2.6% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Sonam has seen a decline of 5.62%, and its year-to-date performance shows a significant drop of 30.41%. Despite a recent increase in delivery volume by 7.22%, the stock's fundamentals indicate weak long-term strength, with an average Return on Capital Employed (ROCE) of 9.68%. While there are positive indicators such as rising promoter confidence and an attractive valuation compared to peers, the stock's negative return of -14.76% over the past year highlights its struggles.
In the broader market context, Sonam Ltd has significantly underperformed compared to the Sensex, which has gained 7.52% year-to-date. The stock's negative performance contrasts sharply with the benchmark's positive return, indicating a lack of investor confidence. Although the promoters have increased their stake, suggesting confidence in the company's future, the overall market sentiment and the stock's inability to keep pace with the benchmark contribute to its current decline.