Why is Sonam falling/rising?

As of 24-Sep, Sonam Ltd's stock price is currently at 46.02, reflecting an increase of 0.2 or 0.44%. Despite this slight uptick, the stock has shown a negative performance trend, with a 1-week return of -3.46% and a 1-month return of -8.93%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 62.22% compared to the 5-day average. However, there are positive signs such as a 54.86% growth in net sales over the last six months and an increase in promoter stake by 0.8%, suggesting confidence in the company's future.
In the broader market context, Sonam Ltd has underperformed compared to the benchmark Sensex, which has seen a slight decline of 1.08% over the past week. The stock's year-to-date performance is particularly concerning, with a decline of 30.85% compared to the Sensex's gain of 5.97%. This stark contrast highlights the challenges Sonam Ltd faces in regaining investor confidence, despite some positive financial indicators. The overall market sentiment and the company's weak long-term fundamentals, including an average Return on Capital Employed (ROCE) of 9.68%, contribute to the stock's struggles, making it a less attractive option for investors in the current climate.