Why is Elegant Marbles falling/rising?

As of 14-Jul, Elegant Marbles and Grani Industries Ltd is experiencing a decline in its stock price, currently at Rs 235.70, which reflects a decrease of Rs 4.15 or 1.73%. The stock has underperformed its sector by 1.01% today and reached an intraday low of Rs 232.55, marking a drop of 3.04%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has also seen a significant drop in investor participation, with delivery volume falling by 24.48% compared to the 5-day average. Over the past year, the stock has generated a return of -12.87%, while its profits have only increased by 1.7%, leading to a high PEG ratio of 8.4, suggesting an expensive valuation relative to its earnings growth.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-year return of -12.87% compared to the BSE500's positive return of 0.26%. This underperformance is compounded by the company's weak financial fundamentals, including operating losses and a poor EBIT to interest ratio of 1.70, which raises concerns about its ability to service debt. The company's net sales have also fallen by 14.9% compared to the previous quarter's average, further contributing to the negative sentiment surrounding the stock. Overall, these factors indicate a challenging environment for Elegant Marbles, leading to its current decline in stock price.