Why is Garnet Intl. falling/rising?

As of 16-Jul, Garnet International Ltd is experiencing a decline in its stock price, currently at 124.25, reflecting a decrease of 0.4 or 0.32%. The stock has been losing value for the last two days, with a total drop of 2.89% during this period. Despite a positive performance over the past month, where it increased by 8.18%, the year-to-date return remains significantly negative at -26.48%. The stock's performance today is in line with its sector, but there has been a notable decrease in investor participation, with delivery volume falling by 10.58% compared to the five-day average. Additionally, the company's long-term fundamentals are weak, highlighted by a low return on equity of 2.67% and a concerning decline in net sales.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.08% over the past week. While Garnet International has outperformed the market over the past year with a return of 19.59%, this is overshadowed by its poor long-term growth prospects, including a significant drop in net sales and profits. The stock is trading at a high price-to-book value ratio of 6.5, indicating an expensive valuation relative to its peers, which may contribute to investor caution. Overall, the combination of weak fundamentals, declining investor interest, and a challenging market environment suggests that the stock's recent downward movement is influenced by both company-specific issues and broader market trends.