Why is Cello World falling/rising?

As of 06-Aug, Cello World Ltd is experiencing a decline in its stock price, currently at 575.60, which reflects a decrease of 5.85 or 1.01%. The stock has underperformed its sector by 0.33% today, and it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown a significant drop in investor participation, with delivery volume falling by 63.46% compared to the 5-day average. Over the past year, Cello World has generated a return of -37.50%, significantly underperforming the broader market, which has seen a return of 2.48%. The company's operating profit growth has been modest at an annual rate of 16.17% over the last five years, and despite a high return on equity (ROE) of 15.63%, the stock is considered to have a very expensive valuation with a price-to-book value of 5.9.
In the broader market context, Cello World Ltd's recent performance contrasts sharply with the benchmark, as it has declined by 10.10% over the past month compared to the Sensex's decline of only 3.46%. This underperformance is indicative of the company's struggles, particularly in light of flat results reported in March 2025 and a lack of long-term growth prospects. While the company maintains a low debt-to-equity ratio and has majority shareholders as promoters, these factors have not been sufficient to bolster investor confidence or support the stock price amidst its ongoing decline.