Why is International Ge falling/rising?

As of 17-Nov, International Gemmological Institute (India) Ltd is experiencing a decline in its stock price, currently at Rs 337.80, which represents a decrease of Rs 7.3 or 2.12%. The stock has underperformed its sector by 1.76% today, touching an intraday low of Rs 337.05. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 2.36%, while it has shown a slight increase of 0.43% over the past month. However, the year-to-date performance is significantly negative, with a drop of 38.96%, contrasting sharply with the Sensex's gain of 8.72%. Despite the company's strong long-term fundamentals, including a high average Return on Equity (ROE) of 40.21% and a low Debt to Equity ratio, the recent fall in delivery volume by 79.92% against the 5-day average suggests waning investor interest.
Broader Market Context: In the context of the broader market, the stock's short-term performance has been notably weaker compared to the Sensex, which has gained 1.69% over the past week. This underperformance highlights a lack of investor confidence in International Gemmological Institute (India) Ltd, especially given the significant decline in its year-to-date returns. The broader market's positive trajectory contrasts with the company's struggles, indicating that while the overall market is experiencing growth, this particular stock is facing challenges that are leading to its price decline.