Why is Cello World falling/rising?

As of 05-Aug, Cello World Ltd's stock price is currently at 580.00, reflecting a decrease of 0.65, or 0.11%. The stock has been on a downward trend, having fallen for the last three days, resulting in a total decline of 2.41% during this period. Over the past week, the stock has underperformed with a return of -1.89%, and it has seen a significant drop of -9.42% over the past month. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite a high management efficiency with a return on equity (ROE) of 15.63% and a low debt-to-equity ratio, the stock's long-term growth prospects appear poor, as evidenced by a -36.38% return over the past year, coupled with only a 2% increase in profits.
In the broader market context, Cello World Ltd's performance has lagged behind the Sensex, which has gained 3.29% year-to-date while Cello has declined by 23.38%. The stock's recent performance has been characterized by falling investor participation, with a notable decrease in delivery volume, which has dropped by 8.07% against the five-day average. This lack of interest, combined with the stock's expensive valuation indicated by a price-to-book ratio of 5.9, suggests that investors are cautious about its future growth potential. Overall, the combination of poor short-term and long-term performance relative to the benchmark and declining investor engagement contributes to the stock's current downward trajectory.