Why is PNGS Gargi FJ falling/rising?

As of 25-Aug, PNGS Gargi Fashion Jewellery Ltd is experiencing a decline in its stock price, currently at Rs 829.80, which represents a decrease of Rs 20.2 or 2.38%. The stock has underperformed its sector today by 3.19% and has been on a downward trend for the last two days, with a total decline of 4.55% during this period. Additionally, the stock has shown negative returns over various time frames, including a 6.34% drop over the past week and a significant 37.11% decline year-to-date. The company has also reported a decrease in key financial metrics, with profit before tax falling by 35% and net sales declining by 13.5% 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 performance has been hindered by falling investor participation and a lack of domestic mutual fund investment, indicating potential concerns about its valuation and business outlook.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.45% over the past week and 4.48% year-to-date. This underperformance is further highlighted by the stock's negative returns over the last year, where it has generated a return of -18.65% compared to the benchmark's modest gain of 0.68%. The stock's trading below all major moving averages suggests a bearish sentiment among investors, compounded by the fact that it has underperformed the BSE500 over the last three years, one year, and three months. Overall, the combination of poor financial performance, declining investor interest, and significant underperformance relative to the market contributes to the stock's downward trajectory.