Why is Super Tannery falling/rising?

As of 12-Sep, Super Tannery Ltd's stock price is currently at Rs 8.20, reflecting a decrease of Rs 0.37 or 4.32%. The stock has underperformed significantly, with a 1-week return of -5.42% and a year-to-date decline of -30.51%. Today's performance indicates that it is trading lower than all moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), and it is close to its 52-week low, just 2.07% away from Rs 8.03. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 39.31% compared to the 5-day average. While the company has reported positive results over the last three quarters, including a high return on capital employed (ROCE) of 8.88% and an increase in profits, the overall long-term fundamentals remain weak, with a low average ROCE of 6.71% and a high debt to EBITDA ratio of 3.86 times.
In the broader market context, Super Tannery's recent performance contrasts sharply with the Sensex, which has gained 1.48% over the past week. This underperformance is indicative of the stock's struggles, as it has consistently lagged behind the benchmark in both short-term and long-term returns. The stock's negative trajectory is further compounded by its poor growth metrics, including a 39.12% decline in returns over the past year, which highlights a lack of investor confidence. Despite the company's attractive valuation relative to peers, the persistent underperformance and weak long-term growth prospects suggest that the stock's price is likely to continue facing downward pressure.