Why is Moksh Ornaments falling/rising?

As of 17-Oct, Moksh Ornaments Ltd is experiencing a decline in its stock price, currently at 14.30, which represents a decrease of 0.26 or 1.79%. The stock has underperformed its sector by 2.58% today, and its delivery volume has significantly dropped by 57.32% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has seen a return of -5.55%, while its performance over the last year shows a substantial decline of -27.04%. Despite a very attractive valuation with a return on capital employed (ROCE) of 10.3 and profits rising by 23.7%, the stock's operating profit growth has been poor, averaging only 6.82% annually over the last five years, contributing to its recent price movement.
In the broader market context, Moksh Ornaments has consistently underperformed against the benchmark, with a return of -27.04% over the past year compared to the Sensex's gain of 3.88%. The stock's performance over the last three years has also been disappointing, as it has underperformed the BSE500 in each of the last three annual periods. While the stock is trading at a discount compared to its peers' average historical valuations, the flat results reported in June 2025 and the lowest ROCE of 11.52% further highlight the challenges it faces in achieving long-term growth, which may be contributing to the current downward trend in its stock price.