Why is Bajel Projects falling/rising?

As of 14-Jul, Bajel Projects Ltd is currently priced at 243.55, reflecting a decrease of 3.0, or 1.22%. The stock has been underperforming, having lost 3.05% over the last three days and showing a performance today that is 0.7% lower than its sector. In terms of returns, the stock has gained 0.64% over the past week but has a year-to-date decline of 11.05% and a one-year decline of 16.54%. While the company has shown healthy long-term growth with net sales increasing at an annual rate of 97.90%, it suffers from poor management efficiency, indicated by a low return on equity (ROE) of 2.38%, which suggests low profitability per unit of shareholders' funds. Additionally, the stock's valuation appears expensive with a price-to-book value of 4.8, contributing to its recent downward movement.
In the broader market context, the stock's short-term performance of +0.64% over the past week contrasts with the Sensex, which has declined by 1.42% in the same period. However, the stock's year-to-date performance of -11.05% is significantly worse than the Sensex's gain of 5.27%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation, as evidenced by an 84.43% decline in delivery volume, indicates a lack of confidence among investors. Overall, the combination of poor management efficiency, high valuation, and declining investor interest is contributing to the stock's recent price decline.