Why is Elegant Marbles falling/rising?

As of 15-Jul, Elegant Marbles and Grani Industries Ltd is currently priced at 236.55, reflecting an increase of 0.85 or 0.36%. However, the stock has been underperforming in the short term, with a 1-week return of -5.38% compared to the Sensex's -1.36%. Today's price summary indicates that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 66.81% against the 5-day average. The company is facing challenges, including operating losses and a weak ability to service its debt, which contributes to its weak long-term fundamental strength.
In the broader market context, while the stock has generated a return of -12.13% over the past year, the benchmark BSE500 has seen a slight positive return of 0.37%. This stark contrast highlights the stock's underperformance relative to the market. Despite a strong performance over the longer term, with a 3-year return of 78.80%, the recent flat results and declining sales have negatively impacted investor sentiment. The stock's valuation appears expensive with a low return on equity and a high PEG ratio, further complicating its appeal in the current market environment.