Why is Polo Queen Ind. falling/rising?

As of 30-Jul, Polo Queen Industrial and Fintech Ltd's stock price is currently at Rs 51.83, reflecting a decline of Rs 2.67 or 4.9%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 9.79% during this period. Today's trading saw the stock reach an intraday high of Rs 55.99 but also dip to a low of Rs 51.11. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. While the company has shown healthy long-term growth with net sales increasing at an annual rate of 34.22%, it has also faced challenges, including a significant drop in net sales of 33.18% in the latest quarter and a low return on equity of 1.03%, which suggests poor management efficiency and profitability.
In the broader market context, Polo Queen's performance has significantly underperformed compared to the benchmark, with a 1-week return of -9.39% against the Sensex's -1.50%. Over the past month, the stock has declined by 13.18%, while the Sensex has only fallen by 2.54%. Despite generating a positive return of 13.81% over the past year, the stock's recent struggles and the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in its valuation and future performance. This combination of factors contributes to the stock's current downward trajectory.