Why is Coral Labs. falling/rising?

As of 23-Jul, Coral Laboratories Ltd is currently priced at Rs 575.00, reflecting an increase of Rs 3.0 or 0.52%. The stock has been gaining for the last two days, with a total return of 1.23% during this period. However, it remains 2.49% away from its 52-week low and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has underperformed with a decline of 4.80%, and its year-to-date performance shows a significant drop of 24.62%. While the company has demonstrated healthy long-term growth with a 49.08% annual increase in operating profit and a low debt-to-equity ratio, it has also faced challenges such as poor management efficiency reflected in a low return on equity of 6.89% and a substantial decline in profit before tax and profit after tax in the latest quarter.
In the broader market context, Coral Laboratories Ltd has underperformed compared to the benchmark Sensex, which has shown a slight increase of 0.11% over the past week. The stock's performance over the last year is particularly concerning, as it has generated negative returns of 15.44% while the broader market has yielded a positive return of 2.86%. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that the stock is struggling to attract investor confidence despite its attractive valuation metrics relative to peers.