Why is La Opala RG falling/rising?

As of 13-Oct, La Opala RG Ltd is experiencing a decline in its stock price, currently at Rs 233.20, reflecting a decrease of Rs 7.3 or 3.04%. The stock has underperformed its sector by 2.58% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 232.6, indicating a downward trend. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish sentiment among investors. Over the past week, the stock has decreased by 4.58%, and it has shown a significant decline of 26.76% year-to-date. Additionally, the company has reported poor long-term growth, with net sales and operating profit growing at rates of only 7.87% and 7.11% respectively over the last five years, and its recent quarterly results have shown a notable drop in net sales and profits.
In the broader market context, the Sensex has shown a positive return of 0.66% over the past week, contrasting sharply with La Opala RG's decline. This consistent underperformance against the benchmark is evident as the stock has generated a return of -32.21% over the last year, while the Sensex has increased by 1.16%. The high institutional holdings at 20.69% indicate that knowledgeable investors are closely monitoring the stock, but the company's low debt-to-equity ratio and high valuation metrics, such as a Price to Book Value of 3.1, suggest that it may be perceived as overvalued. Overall, the combination of poor financial performance, negative recent results, and a lack of momentum in the stock price contributes to its current downward trajectory.