Why is Cello World falling/rising?

As of 21-Aug, Cello World Ltd's stock price is currently at Rs 542.50, reflecting a decline of Rs 7.3 or 1.33%. The stock has underperformed its sector today by 0.39%, following a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 538.75, indicating a drop of 2.01%. Over the past week, the stock has seen a slight increase of 0.46%, but it has significantly underperformed over the longer term, with a year-to-date decline of 28.34% and a one-year drop of 40.85%. The company has shown poor long-term growth, with operating profit growth of only 16.17% over the last five years, and recent quarterly results have been disappointing, with a 13.8% decline in PAT compared to the previous four-quarter average. Despite a high return on equity (ROE) of 15.63% and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book value of 5.5.
In the broader market context, Cello World Ltd's recent performance contrasts sharply with the Sensex, which has gained 1.74% over the past week and 4.94% year-to-date. The stock's significant underperformance relative to the benchmark highlights investor concerns regarding its growth prospects and profitability. While there has been a rise in investor participation, as indicated by a 12.47% increase in delivery volume, the overall sentiment remains negative due to the company's flat results and below-par performance in both the near and long term. This combination of factors contributes to the stock's downward movement in the current market environment.