Why is Elegant Marbles falling/rising?

As of 01-Sep, Elegant Marbles and Grani Industries Ltd is experiencing a price increase, with the current price at 225.25, reflecting a rise of 2.85 or 1.28%. Today's price summary indicates that the stock has gained after two consecutive days of decline, although it underperformed its sector by 1.24%. The stock has been trading in a narrow range and is currently below its moving averages across various time frames. Over the past year, the stock has generated a return of -18.02%, significantly underperforming the market, which has seen a decline of only -2.43%. The company's return on equity (ROE) stands at a low 3.2, and despite a slight profit increase of 1.8%, the stock is trading at a premium compared to its peers.
In the broader market context, the stock's short-term performance shows a modest gain of 0.76% over the past week, while the benchmark Sensex has declined by 1.56%. This indicates that Elegant Marbles is performing relatively better than the market in the short term. However, the stock's long-term fundamentals remain weak, with a significant drop in net sales and a high PEG ratio of 13.6, suggesting that investors may be cautious. The falling investor participation, as evidenced by a significant drop in delivery volume, further highlights the challenges the stock faces despite today's price increase.