Why is Cello World falling/rising?

As of 24-Jun, Cello World Ltd's stock price is currently at 575.00, reflecting a decrease of 4.05 points or 0.7%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 5.07% during this period. Additionally, the stock's performance over the past week and month shows a decline of 4.58% and 5.54%, respectively, while it has experienced a significant year-to-date drop of 24.04%. Despite having a high management efficiency indicated by a return on equity (ROE) of 15.63% and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book value of 5.9. This, coupled with flat operating profit growth and poor long-term performance, has contributed to the stock's recent decline.
In the broader market context, Cello World Ltd's performance has lagged behind the benchmark Sensex, which has gained 0.58% over the past week and 0.41% over the past month. The stock's underperformance is further highlighted by its negative returns compared to the BSE 500 over the last year and three years. The falling investor participation, evidenced by a 42.83% drop in delivery volume, indicates a lack of confidence among investors, which may be exacerbating the stock's downward trend. Overall, the combination of poor short-term performance, high valuation concerns, and declining investor interest suggests a challenging environment for Cello World Ltd.