Why is Rolex Rings falling/rising?

As of 28-Jul, Rolex Rings Ltd is experiencing a decline in its stock price, currently at 1,435.40, which reflects a decrease of 34.6 points or 2.35%. The stock has underperformed its sector by 0.77% today and has been on a downward trend for the last three days, accumulating a total drop of 4.47% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, Rolex Rings has seen a significant decline of 40.86%, despite a modest profit increase of 4.4%, leading to a high PEG ratio of 4.7, suggesting that the stock may be overvalued. The company's flat results in March, with the lowest profit before tax recorded, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Rolex Rings has underperformed significantly compared to the benchmark, with a one-year return of -40.86% against the BSE500's decline of only -2.52%. This stark contrast highlights the stock's struggles relative to the overall market. The falling investor participation, evidenced by a 41.41% drop in delivery volume, coupled with high institutional holdings at 39.11%, suggests that while institutional investors may have confidence in the company's fundamentals, retail investors are losing interest. The combination of these factors, including high valuation metrics and recent poor performance, indicates a challenging environment for Rolex Rings, contributing to its current price decline.