Why is Coral Labs. falling/rising?

As of 21-Jul, Coral Laboratories Ltd is experiencing a decline in its stock price, currently at Rs. 568.00, which represents a decrease of Rs. 24.45 or 4.13%. The stock has hit a new 52-week low of Rs. 560.7 today and has underperformed its sector by 3.81%. Over the past three days, the stock has consistently fallen, totaling a decline of 5.96%. In terms of returns, Coral Labs has shown a negative performance of -4.38% over the past week and -3.73% over the past month, while it has significantly underperformed the market with a year-to-date return of -25.54% compared to the Sensex's gain of 5.20%. The company has a low Debt to Equity ratio and has seen healthy long-term growth in operating profit, but it is currently facing challenges such as poor management efficiency, with a low return on equity of 6.89%, and significant declines in profit before tax and profit after tax.
Broader Market Context: In the context of the broader market, Coral Laboratories Ltd's short-term performance has been notably worse than the benchmark, as evidenced by its -4.38% return over the past week compared to a negligible -0.06% decline in the Sensex. This underperformance is further highlighted by the stock's negative returns over the past year, where it has generated -16.48% against the market's positive return of 1.63%. The stock's trading below all key moving averages and the increase in delivery volume suggests a lack of confidence among investors, contributing to its downward trajectory. Overall, while there are some positive factors regarding the company's valuation and growth potential, the immediate outlook remains negative due to operational inefficiencies and recent financial declines.