Why is Manoj Vaibhav falling/rising?

As of 15-Jul, Manoj Vaibhav Gems N Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 220.90, which reflects a decrease of Rs 4.45 or 1.97%. The stock has underperformed its sector by 2.51% today, reaching an intraday low of Rs 220.6. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.92%, and it has shown a significant decline of 21.37% year-to-date, despite a 24% increase in profits over the same period. The company has reported positive operating profit and net sales, which may suggest underlying strength, but the overall stock performance remains weak.
In the broader market context, the Sensex has shown a decline of 1.36% over the past week, indicating a challenging environment for stocks in general. However, while the benchmark has gained 5.67% year-to-date, Manoj Vaibhav's significant underperformance of 21.37% suggests that it is facing unique challenges. Despite the attractive valuation indicated by a ROCE of 14.4 and a PEG ratio of 0.5, the stock's recent movements reflect a lack of investor confidence, even with rising participation in trading volumes.