Why is La Opala RG falling/rising?

As of 12-Sep, La Opala RG Ltd's stock price is currently at 246.30, reflecting a decrease of 1.7 points or 0.69%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 3.53% during this period. Although it outperformed its sector by 0.63% today, it is trading below all key moving averages, indicating weak momentum. The company has shown poor long-term growth, with net sales and operating profit growth rates of only 7.87% and 7.11% respectively over the past five years. Additionally, negative financial results reported for June 25, including a significant drop in net sales and operating profit, contribute to the stock's bearish sentiment. Despite a high dividend yield of 7.07% and low debt levels, the stock's valuation remains expensive with a price-to-book ratio of 3.4, further impacting investor confidence.
In the broader market context, La Opala RG's performance has been notably poor compared to the benchmark Sensex, which has gained 1.48% over the past week while La Opala RG has declined by 1.32%. The stock's year-to-date performance shows a substantial drop of 22.64%, contrasting sharply with the Sensex's increase of 4.82%. This underperformance is further highlighted by the stock's returns over the past year, which stand at -33.83%, while the Sensex has only slightly declined by 1.28%. The combination of weak financial performance, high valuation concerns, and significant underperformance relative to the broader market suggests a challenging environment for La Opala RG Ltd, contributing to its current price decline.