Why is Checkpoint Trend falling/rising?

As of 29-Aug, Checkpoint Trends Ltd is experiencing a decline in its stock price, currently at Rs 29.70, which reflects a decrease of 1.56 (-4.99%). The stock has been on a downward trend for the past 14 days, resulting in a total drop of 33.35% during this period. It opened today with a loss of 4.99% and has not traded outside this price range. Despite the stock's impressive long-term performance, generating a return of 349.32% over the past year, recent results indicate weak long-term fundamental strength, including a low return on equity (ROE) of 3.20% and a concerning EBIT to Interest ratio of 0.01. Additionally, while there were positive quarterly results reported, the stock's profits have declined by 2% over the past year, contributing to investor concerns.
In the broader market context, Checkpoint Trends Ltd has significantly underperformed compared to the Sensex, with a 1-week return of -18.52% against the benchmark's -1.84%, and a 1-month return of -26.52% compared to -1.88% for the Sensex. This stark contrast highlights the stock's struggles relative to the market. Although there has been a rise in investor participation, as evidenced by an 84% increase in delivery volume, the overall sentiment remains negative due to the stock's consecutive declines and weak fundamentals. The combination of these factors has led to a lack of confidence among investors, resulting in the current downward price movement.