Why is Elegant Marbles falling/rising?

As of 11-Sep, Elegant Marbles and Grani Industries Ltd is currently priced at 223.00, with no change in price (0.00%). The stock has underperformed in the short term, with a 1-week return of +0.36%, which is lower than the Sensex's return of +1.03%. Additionally, the stock is trading below its moving averages across various periods, indicating a bearish trend. The delivery volume has significantly decreased by 49.46% compared to the 5-day average, suggesting a decline in investor participation. Despite a slight increase in profits of 1.8% over the past year, the stock has generated a negative return of -14.05%, reflecting weak long-term fundamental strength, particularly with an average Return on Equity (ROE) of 2.82%.
In the broader market context, while the stock has shown a modest gain over the past month of +1.36%, it still lags behind the Sensex, which has returned +1.17% in the same period. The stock's year-to-date performance is notably poor at -14.93%, contrasting sharply with the Sensex's positive return of +4.36%. This underperformance highlights the stock's struggle against market trends, particularly given its flat results in recent financial reports and a high PEG ratio of 13.5, indicating that it may be overvalued compared to its peers. Overall, the combination of weak investor interest, declining sales, and poor long-term fundamentals contributes to the stock's current challenges.