Why is Manoj Vaibhav falling/rising?

As of 30-Jul, Manoj Vaibhav Gems N Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 207.05, down by 1.85 (-0.89%). The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 7.65% during this period. It opened lower today, with a gap down of 2.13%, and reached an intraday low of Rs 204.45. Over the past week, the stock has decreased by 7.61%, and year-to-date, it has seen a significant drop of 26.30%. Despite these declines, the company reported positive financial results for March 25, including a record operating profit to interest ratio and a notable increase in net sales, which indicates strong operational performance. However, the stock's negative price movement suggests that investor sentiment may not fully reflect these positive financial indicators.
In the broader market context, the Sensex has also faced a decline, dropping by 1.50% over the past week and 2.54% over the past month. While Manoj Vaibhav's stock has underperformed the sector by 0.9% today, it is important to note that the overall market has not been favorable, contributing to the stock's downward trend. The stock's year-to-date performance contrasts sharply with the Sensex, which has gained 4.28% during the same period. This disparity highlights the challenges faced by Manoj Vaibhav in attracting investor confidence, despite its attractive valuation metrics and rising profits.