Why is Ceigall India falling/rising?

As of 16-Jun, Ceigall India Ltd's stock price is currently at 247.45, reflecting a decrease of 1.95, or 0.78%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.16% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 50% compared to the 5-day average, suggesting a decline in investor participation. While the company boasts a high return on equity (ROE) of 23.89% and a low debt-to-equity ratio of 0.10, it has faced challenges with negative results over the last three consecutive quarters, which has likely contributed to the stock's downward movement.
In the broader market context, Ceigall India's short-term performance has been weaker than the benchmark, with a 1-week return of -1.02% compared to the Sensex's -0.79%. Over the past month, the stock has declined by 3.92%, while the Sensex has only fallen by 0.65%. This underperformance is compounded by the company's poor long-term growth, as indicated by a -2.92% annual rate of operating profit growth over the last five years. Despite having an attractive valuation with a price-to-book value of 2.6, the recent profit declines and negative quarterly results have overshadowed these positive factors, leading to a lack of investor confidence and contributing to the stock's decline.