Why is Cello World falling/rising?

As of 11-Aug, Cello World Ltd's stock price is currently at Rs 568.40, reflecting a decline of -3.05 (-0.53%). The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of -1.57% during this period. Additionally, the stock has underperformed its sector by -1.12% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by -2.11%, and it has experienced a significant drop of -24.91% year-to-date, while its one-year return stands at -38.82%. The company has a high management efficiency with a return on equity (ROE) of 15.63% and a low debt-to-equity ratio, but these positives are overshadowed by poor long-term growth prospects and a high valuation, as indicated by a price-to-book value of 5.8.
Broader market context shows that Cello World Ltd has significantly underperformed compared to the benchmark Sensex, which has gained 3.15% year-to-date. While the broader market has faced negative returns of -1.85% over the past year, Cello World’s stock has seen a much steeper decline of -38.82%. This stark contrast highlights the stock's struggles in attracting investor confidence, further exacerbated by falling investor participation, as evidenced by a 53.42% drop in delivery volume compared to the five-day average. The combination of these factors contributes to the stock's downward trajectory in the current market environment.