Why is Kenvi Jewels falling/rising?

As of 10-Nov, Kenvi Jewels Ltd is currently priced at Rs. 2.88, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs. 2.53 and has underperformed its sector by 0.66%. Over the past week, the stock has declined by 2.04%, and it has also shown significant underperformance over longer periods, with a year-to-date return of -29.93% and a one-year return of -42.28%. Despite some positive indicators such as a 33.17% growth in net sales and a relatively attractive valuation with a PEG ratio of 1.7, the stock's long-term fundamental strength is weak, evidenced by an average ROCE of 9.68% and a poor EBIT to Interest ratio of 1.50.
In the broader market context, the Sensex has shown a slight decline of 0.53% over the past week, indicating a relatively stable market environment compared to Kenvi Jewels' performance. While the stock has seen a rise in investor participation, with delivery volume increasing by 96.76% against the 5-day average, its overall performance remains below par, particularly when compared to the benchmark returns. The stock's long-term underperformance, alongside its recent price movements, suggests that investors are cautious, leading to a lack of confidence in its recovery despite some positive financial metrics.