Why is PNGS Gargi FJ falling/rising?

As of 04-Aug, PNGS Gargi Fashion Jewellery Ltd is experiencing a decline in its stock price, currently at Rs 813.75, which represents a decrease of Rs 20.25 or 2.43%. The stock has underperformed its sector by 3.62% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 6.47% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The recent financial performance has also been disappointing, with significant declines in profit before tax, profit after tax, and net sales compared to previous quarters. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, and domestic mutual funds hold no stake, suggesting a lack of confidence in the company's current price.
In the broader market context, the stock's performance over the past week shows a decline of 3.70%, while the Sensex has slightly increased by 0.16%. Over the past month, PNGS Gargi FJ has fallen by 9.43%, contrasting with a smaller decline of 2.89% in the benchmark index. This underperformance is further highlighted by the stock's year-to-date return of -38.33%, while the Sensex has gained 3.69%. The overall market sentiment appears to be more favorable compared to PNGS Gargi FJ, which is struggling with both short-term and long-term performance metrics.