Why is International Ge falling/rising?

As of 29-Sep, International Gemmological Institute (India) Ltd is experiencing a decline in its stock price, currently at 343.90, which represents a decrease of 3.95 or 1.14%. The stock has been underperforming, having fallen for the last eight consecutive days, resulting in a total decline of 10.77% during this period. Additionally, it is trading below its moving averages across various time frames, indicating a bearish trend. The stock's performance over the past week shows a significant drop of 6.84%, while it has had a modest gain of 3.35% over the past month. Despite the company showing strong long-term fundamentals, including a high return on equity and positive results in recent quarters, these factors have not been sufficient to counteract the negative momentum in the stock price.
Broader market context indicates that the Sensex, the benchmark index, has also faced challenges, declining by 2.18% over the past week. However, the stock's performance has been notably worse than the benchmark, suggesting that investor sentiment towards International Gemmological Institute is particularly weak. The falling investor participation, with a significant drop in delivery volume, further reflects a lack of confidence among traders. While the company has demonstrated strong operational cash flow and growth in profit after tax, these positive indicators have not translated into stock price stability in the current market environment.