Why is Coral Labs. falling/rising?

As of 25-Jul, Coral Laboratories Ltd's stock price is currently at Rs 574.00, reflecting a decrease of Rs 1.0 or 0.17%. The stock has underperformed in today's trading, falling short of sector performance by 0.34%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.11%, and year-to-date, it has experienced a significant drop of 24.76%. Despite a healthy long-term growth in operating profit at an annual rate of 49.08%, the company's return on equity (ROE) is low at 6.89%, which reflects poor management efficiency and profitability concerns. Additionally, the stock is nearing its 52-week low, being only 2.32% away from Rs 560.7.
In the broader market context, Coral Laboratories Ltd has underperformed compared to the Sensex, which has seen a slight decline of 0.36% over the past week and a positive return of 4.25% year-to-date. The company's performance over the last year has also been disappointing, with a return of -18.47%, significantly worse than the BSE500's negative return of -0.19%. This underperformance, coupled with a substantial drop in profit before tax and profit after tax in the latest quarter, has contributed to a lack of investor confidence, as evidenced by a 27.95% decrease in delivery volume against the 5-day average. Overall, these factors indicate a challenging environment for Coral Laboratories Ltd, leading to its current stock price decline.