Why is Super Tannery falling/rising?

As of 29-Sep, Super Tannery Ltd's stock price is currently at Rs 8.33, reflecting a decrease of Rs 0.07 or 0.83%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.25% over the past month. It is also trading lower than all its moving averages, indicating a bearish trend. Despite the company reporting positive results over the last three consecutive quarters, including a high Return on Capital Employed (ROCE) of 8.88% and an increase in profits by 14.1% over the past year, the stock has still generated a negative return of -29.17% in the last year. Additionally, the stock is close to its 52-week low, just 3.6% away from Rs 8.03, which further highlights its recent struggles.
In the broader market context, Super Tannery's short-term performance has been notably worse than the benchmark, with a 4.91% decline over the past week compared to a 2.18% drop in the Sensex. This underperformance is compounded by a decrease in investor participation, as indicated by a 14.1% drop in delivery volume against the 5-day average. Furthermore, the stock's long-term fundamentals are weak, with a high Debt to EBITDA ratio and below-par growth rates, which contribute to a lack of investor confidence. Overall, while the company has shown some positive financial metrics, the prevailing market sentiment and recent performance trends suggest a challenging environment for Super Tannery Ltd.