Why is Vardhman Acrylic falling/rising?

As of 16-Jul, Vardhman Acrylics Ltd is currently priced at 48.60, reflecting a rise of 0.21 or 0.43%. The stock's performance today is in line with the sector, although it has shown a decline of 1.86% over the past week. While the stock has increased by 8.46% in the last month, it has significantly underperformed over the longer term, with a year-to-date decline of 9.92% and a staggering 27.28% drop over the past year. The stock is trading above its 20-day, 50-day, and 100-day moving averages but below its 5-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 65.42% compared to the 5-day average. The company has a low debt-to-equity ratio, but it faces challenges such as poor long-term growth, with net sales declining at an annual rate of 4.85% and operating profit down by 57.10% over the last five years.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 1.06% over the past month. The stock's consistent underperformance against the benchmark over the last three years, coupled with negative financial results, including a 48.3% drop in PAT and the lowest return on capital employed at 6.83%, raises concerns about its valuation. With a price-to-book value of 1.6, the stock is considered expensive compared to its peers, and its profits have decreased by 32.5% over the past year. This combination of factors suggests that while there may be short-term gains, the long-term outlook remains bleak, contributing to the stock's overall decline.