Why is Elegant Marbles falling/rising?

As of 25-Aug, Elegant Marbles and Grani Industries Ltd is experiencing a decline in its stock price, currently at Rs 223.55, reflecting a decrease of Rs 9.45 or 4.06%. The stock has underperformed its sector by 4.07% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 222.55, indicating a significant drop of 4.48%. Over the past week, the stock has shown a slight increase of 0.95%, but it has underperformed over the last month and year-to-date, with returns of -5.89% and -14.72%, respectively. The company has a low return on equity (ROE) of 3.2, and despite a slight profit increase of 1.8% over the past year, the stock is trading at a premium compared to its peers, contributing to its negative performance.
In the broader market context, while the Sensex has shown a modest gain of 0.45% over the past week, Elegant Marbles has lagged behind with a return of only 0.95%. The stock's long-term fundamentals appear weak, as indicated by its average ROE of 2.82% and a significant decline in net sales over the past nine months. The stock's performance has been notably worse than the broader market, which generated negative returns of -2.11% in the last year, while Elegant Marbles fell by -13.64%. This combination of underperformance, weak fundamentals, and a premium valuation compared to peers suggests a challenging environment for the stock, contributing to its current decline.