Why is RBZ Jewellers Lt falling/rising?

As of 26-Aug, RBZ Jewellers Ltd is experiencing a decline in its stock price, currently at Rs 132.10, which reflects a decrease of Rs 4.55 or 3.33%. The stock has underperformed its sector by 1.72% today, touching an intraday low of Rs 132.10. Over the past week, the stock has decreased by 4.93%, and it has also shown a significant year-to-date decline of 31.87%. Despite a healthy long-term growth in net sales and operating profit, recent financial metrics indicate a concerning trend, with profit before tax and profit after tax falling by approximately 26% compared to previous quarters. Additionally, institutional investor participation has decreased, with a 1.57% reduction in their stake, which may signal a lack of confidence in the stock's future performance.
In the broader market context, RBZ Jewellers Ltd's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, including a 14.99% decline in the past year while the benchmark has only fallen by 1.12%. The stock's negative trajectory is further compounded by its trading below all key moving averages, indicating a bearish trend. While the stock remains liquid enough for trading, the overall sentiment appears to be negative, influenced by declining institutional interest and consistent underperformance relative to market benchmarks.