Why is Cello World falling/rising?

As of 05-Jun, Cello World Ltd's stock price is currently at 606.45, reflecting an increase of 2.75 (0.46%). The stock has been gaining for the last two days, with a total return of 0.83% during this period. Additionally, it has outperformed its sector by 0.45% today. However, over the past week, the stock has seen a decline of 5.68%, while it has shown a positive return of 6.43% over the past month. Despite these recent gains, the stock has underperformed significantly over the longer term, with a year-to-date decline of 19.89% and a one-year drop of 26.67%. The company boasts a high management efficiency with a return on equity (ROE) of 15.63% and a low debt-to-equity ratio, which are positive indicators. However, the stock is considered technically in a mildly bearish range, and its valuation appears expensive with a price-to-book ratio of 6.2, contributing to concerns about its long-term growth potential.
In the broader market context, the Sensex has shown a slight decline of 0.23% over the past week, while Cello World Ltd's recent performance has been more volatile, indicating a divergence from the benchmark. The stock's performance over the last year has been particularly poor compared to the market, which has generated returns of 9.49%, highlighting the stock's struggle to attract investor confidence. Despite rising investor participation and liquidity, the overall sentiment remains cautious due to the stock's historical underperformance and the bearish technical indicators.