Why is Rolex Rings falling/rising?

As of 29-Jul, Rolex Rings Ltd is currently priced at 1,429.00, reflecting a decrease of 6.4 points or 0.45%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.9% during this period. Additionally, it has underperformed its sector by 1.84% today. Over the past week, the stock has decreased by 4.49%, and it has experienced a significant drop of 41.29% over the past year, while its profits have only risen by 4.4%. Despite having a high return on equity (ROE) of 22.12% and a low debt to EBITDA ratio of 0.27, the stock is considered expensive with a price to book value of 3.6, which may deter investors. Furthermore, the delivery volume has decreased by 34.56% compared to the five-day average, indicating falling investor participation.
In the broader market context, the Sensex has shown a decline of only 1.03% over the past week and a marginal drop of 0.02% over the past year, highlighting that Rolex Rings has significantly underperformed relative to the market. The stock's year-to-date performance is also concerning, with a drop of 22.63% compared to the Sensex's gain of 4.09%. This stark contrast suggests that while the overall market has been relatively stable, Rolex Rings has struggled, leading to a lack of investor confidence and contributing to its declining price.