Why is Polo Queen Ind. falling/rising?

As of 11-Sep, Polo Queen Industrial and Fintech Ltd is experiencing a decline in its stock price, currently at Rs 50.28, which reflects a decrease of Rs 1.57 or 3.03%. The stock has underperformed its sector by 2.91% today and has been on a consecutive downward trend for the last two days, with a total drop of 3.31%. It opened the day with a loss of 2.01% and reached an intraday high of Rs 53.97 before falling to a low of Rs 50. The stock's performance over the past week shows a gain of 1.93%, but it has a year-to-date decline of 64.21%. Despite a healthy long-term growth in net sales at an annual rate of 34.22%, the company faces challenges such as poor management efficiency indicated by a low return on equity of 1.03% and negative results in recent quarters, which have contributed to its current price movement.
In the broader market context, while the stock has generated a return of 13.99% over the past year, it has significantly underperformed the benchmark index, the Sensex, which has seen a modest increase of 4.36% year-to-date. The stock's recent performance contrasts with the overall market, which has produced negative returns of -2.29% in the last year, suggesting that while Polo Queen has outperformed in the long term, its current struggles may be causing investor hesitation, as evidenced by the lack of domestic mutual fund investment. The stock's valuation appears expensive relative to its peers, further complicating its market position.