Why is P N Gadgil Jewe. falling/rising?

As of 11-Aug, P N Gadgil Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 545.50, which reflects a decrease of Rs 7.5 or 1.36%. The stock has been underperforming, having fallen consecutively for the last eight days, resulting in a total decline of 7.15% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the company showcases high management efficiency with a return on equity (ROE) of 20.82% and a strong ability to service debt indicated by a low Debt to EBITDA ratio of 0.98 times, it has also reported flat results in its latest quarterly earnings, with net sales falling by 16.6% compared to the previous four-quarter average. This combination of factors contributes to the stock's recent downward movement.
In the broader market context, P N Gadgil Jewellers Ltd has underperformed the benchmark Sensex, which has only declined by 0.51% over the past week, while the stock itself has dropped by 4.70%. Over the past month, the stock has decreased by 7.51%, contrasting with the Sensex's decline of 2.30%. Despite a healthy long-term growth rate in net sales and operating profit, the stock's valuation appears expensive with a high enterprise value to capital employed ratio of 4.2, which may deter investors. The rising investor participation, indicated by an increase in delivery volume, suggests some interest, but the overall negative sentiment stemming from recent performance and valuation concerns continues to weigh on the stock price.