Why is Cello World falling/rising?

As of 25-Jun, Cello World Ltd's stock price is currently at Rs 582.00, reflecting an increase of Rs 7.0 or 1.22%. The stock has shown a trend reversal today, gaining after six consecutive days of decline, and it outperformed its sector by 0.28%. However, despite today's positive movement, the stock has underperformed over the past week and month, with returns of -2.99% and -4.39%, respectively. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company has a high management efficiency with a return on equity (ROE) of 15.63% and a low debt-to-equity ratio, but it faces challenges such as poor long-term growth and a high valuation relative to its earnings.
Broader market context shows that while Cello World has experienced a decline of -36.31% over the past year, the benchmark Sensex has gained 6.02% in the same period, highlighting significant underperformance. The stock's recent rise today contrasts with its longer-term struggles, as it has consistently lagged behind the benchmark returns over various periods. The falling investor participation, indicated by a decrease in delivery volume, suggests a lack of confidence among retail investors, which may further impact the stock's performance in the near future.