Why is Coral Labs. falling/rising?

As of 24-Jun, Coral Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 568.05, which reflects a decrease of Rs 12.95 or 2.23%. The stock has hit a new 52-week low of Rs 567.15 today and has underperformed its sector by 2.44%. Over the past three days, the stock has consistently fallen, resulting in a total decline of 4.97%. In terms of returns, Coral Laboratories has underperformed significantly compared to the benchmark, with a 1-week return of -3.88% and a 1-month return of -22.93%. While the company has shown healthy long-term growth with an annual operating profit increase of 49.08%, its recent performance has been marred by poor management efficiency, as indicated by a low return on equity (ROE) of 6.89% and a substantial drop in quarterly profits.
Broader market context shows that while the Sensex has gained 0.58% over the past week, Coral Laboratories has faced a stark contrast with its negative returns. The stock's performance has been particularly weak over the past year, generating a return of -13.91% compared to the market's positive return of 2.98%. Despite having a low debt-to-equity ratio and trading at a discount compared to peers, the company's recent financial results, including a significant fall in profit after tax and operating profit margins, have contributed to its declining stock price. This combination of underperformance relative to the market and internal financial challenges has led to the current downward trend in Coral Laboratories' stock.