Why is Sonam falling/rising?

As of 23-Oct, Sonam Ltd's stock price is currently at 41.92, reflecting a decline of 2.04, or 4.64%. The stock has underperformed its sector today by 4.8%, despite showing a higher delivery volume on October 21, which increased by 71.93% compared to the 5-day average. Over the past week, the stock has gained 9.11%, but it has significantly underperformed over the past month and year, with returns of -8.51% and -50.37%, respectively. The company's valuation appears attractive with a low enterprise value to capital employed ratio, and while promoters have increased their stake, indicating confidence, the stock's long-term fundamentals remain weak, as evidenced by declining profits and flat quarterly results.
In the broader market context, the Sensex has gained 1.20% over the past week, contrasting with Sonam's recent performance. The stock's substantial underperformance over the last year, where it generated a return of -50.37% compared to the market's 3.59%, highlights its struggles. This disparity suggests that while there may be some positive indicators, such as rising promoter confidence and attractive valuation metrics, the overall market sentiment and the company's weak financial performance are contributing to the stock's decline.