Why is Cello World falling/rising?

As of 12-Aug, Cello World Ltd's stock price is currently at 563.65, reflecting a decrease of 4.75 or 0.84%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 2.39% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Over the past year, Cello World has significantly underperformed the market, with a return of -37.94% compared to the Sensex's modest gain of 0.74%. The company's recent financial results have also raised concerns, as the operating profit has shown poor growth, and the latest quarterly results indicate a decline in profit after tax.
In the broader market context, Cello World Ltd's performance has been notably weaker than the benchmark indices. While the Sensex has experienced a slight decline of 0.59% over the past week, Cello World has dropped by 3.06% in the same timeframe. This underperformance is further highlighted by the company's low return on equity of 15.63% and a high price-to-book value ratio of 5.7, suggesting that the stock may be overvalued given its recent profit growth of only 2%. The combination of poor long-term growth prospects, flat quarterly results, and a lack of investor confidence has contributed to the stock's downward trajectory.