Why is Sonam falling/rising?

As of 19-Sep, Sonam Ltd is currently priced at 46.46, reflecting a slight increase of 0.15 (0.32%). The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Despite this, there has been a notable rise in investor participation, with delivery volume increasing by 222.09% against the 5-day average. Over the past year, the stock has generated a return of -11.74%, which is significantly lower than the benchmark Sensex's performance. However, the company has shown positive results in net sales, which grew by 54.86% in the latest six months, and the promoters have increased their stake by 0.8%, reflecting confidence in the company's future.
In the broader market context, Sonam Ltd's short-term performance has been underwhelming, with a 1-week return of -5.47% compared to the Sensex's gain of +0.85%. This underperformance highlights the challenges the stock faces in the current market environment. While the company has attractive valuations and rising profits, the weak long-term fundamental strength, indicated by an average Return on Capital Employed (ROCE) of 9.68%, may be contributing to investor caution. Overall, while there are some positive indicators, the stock's recent movement appears to be influenced by a combination of short-term bearish trends and broader market dynamics.