Why is Cello World falling/rising?

As of 01-Sep, Cello World Ltd's stock price is currently at 535.40, reflecting a decrease of 3.75, or 0.7%. The stock has underperformed its sector by 1.3% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a slight increase of 0.26%, but it has significantly underperformed over the longer term, with a year-to-date decline of 29.27% and a one-year return of -40.68%. The company's operating profit growth has been poor, with a recent drop in profit before tax and profit after tax compared to previous quarters. Despite having a high return on equity 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, contributing to negative sentiment among investors.
In the broader market context, Cello World Ltd has underperformed the Sensex, which has gained 2.85% year-to-date, while Cello World has seen a significant decline. The stock's recent performance is concerning, particularly given the flat results reported in June and the overall poor long-term growth outlook. Additionally, the falling investor participation, as indicated by a 58.02% drop in delivery volume, suggests a lack of confidence among traders, further exacerbating the stock's downward trend. Overall, the combination of poor financial results, high valuation concerns, and weak market sentiment are contributing to the stock's decline.