Why is Ceigall India falling/rising?

As of 03-Jul, Ceigall India Ltd's stock price is currently at 266.85, reflecting a decrease of 6.45 points or 2.36%. The stock has recently underperformed its sector by 2.01% and has experienced a trend reversal after three consecutive days of gains. Today, it reached an intraday low of Rs 265.75, indicating a decline of 2.76%. In terms of returns, the stock has shown a positive performance over the past week and month, with increases of 5.73% and 7.21%, respectively, but it has significantly underperformed year-to-date with a decline of 21.40%. Despite a high return on equity (ROE) of 23.89% and a low debt-to-equity ratio, the company has faced challenges, including negative results for the last three consecutive quarters and a decline in operating profit over the past five years.
Broader market context indicates that while Ceigall India has seen positive short-term returns, it has lagged behind the Sensex, which has gained 3.10% over the past month. The stock's year-to-date performance is notably poor compared to the benchmark's 6.53% increase. This disparity suggests that broader market conditions may be favoring other investments, contributing to the stock's decline. Additionally, the recent drop in price may reflect investor concerns regarding the company's long-term growth prospects, as evidenced by the negative profit trends and declining operating profit, which could be influencing market sentiment negatively.