Why is Kenvi Jewels falling/rising?

As of 24-Sep, Kenvi Jewels Ltd is experiencing a decline in its stock price, currently at 3.12, which reflects a decrease of 0.03 or 0.95%. The stock has underperformed its sector by 0.32% today and has shown a trend reversal, falling after two consecutive days of gains. In terms of returns, the stock has decreased by 2.19% over the past week and has a significant year-to-date decline of 24.09%. Despite some positive indicators such as a 55.31% growth in net sales over the last six months and an attractive valuation with a PEG ratio of 1.9, the stock's long-term performance remains weak, with a 43.27% drop over the past year. Additionally, the falling investor participation, evidenced by a 35.35% decrease in delivery volume compared to the five-day average, suggests diminishing interest among investors.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex declining only 1.18% over the past week. This underperformance is compounded by the company's weak long-term fundamentals, including a below-average return on capital employed and a poor EBIT to interest ratio, which raises concerns about its ability to service debt. Overall, while there are some positive aspects to the company's financials, the prevailing negative sentiment and weak performance relative to the market contribute to the stock's current downward trajectory.