Why is Polo Queen Ind. falling/rising?

As of 01-Aug, Polo Queen Industrial and Fintech Ltd is currently priced at 50.50, reflecting a slight increase of 0.06 (0.12%). The stock has recently experienced a trend reversal, gaining after six consecutive days of decline. However, it has underperformed its sector by 0.58% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant decline of 9.82%, and over the past month, it has dropped by 16.52%. Despite a healthy long-term growth rate in net sales of 34.22%, the company faces challenges such as a low return on equity (ROE) of 1.03%, negative results in net sales for the last quarter, and a very expensive valuation with a price-to-book ratio of 8.9. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's current price.
In the broader market context, the stock's performance has been notably poor compared to the benchmark Sensex, which has only declined by 1.06% over the past week and 3.70% over the past month. This stark contrast highlights the stock's underperformance, particularly given its year-to-date decline of 64.06% against the Sensex's gain of 3.15%. The rising investor participation, indicated by a 23.14% increase in delivery volume, may provide some support for the stock, but the overall negative sentiment stemming from its financial inefficiencies and recent poor performance continues to weigh heavily on its price movement.