Why is Rolex Rings falling/rising?

As of 01-Aug, Rolex Rings Ltd is currently priced at 1,410.00, reflecting a decrease of 11.0 points or 0.77%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 1.49% during this period. Over the past week, the stock has underperformed with a return of -4.08%, and it has also shown significant declines over longer periods, including a 12.60% drop in the last month and a staggering 43.41% decrease over the past year. Despite high management efficiency indicated by a return on equity (ROE) of 22.12% and a strong ability to service debt with a low Debt to EBITDA ratio of 0.27, the stock's performance has been negatively impacted by flat results reported for March 25 and an expensive valuation reflected in its Price to Book Value ratio of 3.6.
Broader Market Context: In comparison to the benchmark, Rolex Rings has significantly underperformed, with the BSE500 index showing a decline of only 4.13% over the past year, while Rolex Rings plummeted by 43.41%. This stark contrast highlights the stock's struggles in the market, further exacerbated by a decrease in investor participation, as evidenced by a 29.32% drop in delivery volume against the five-day average. Although the stock outperformed its sector by 0.7% today, the overall trend remains negative, with the stock trading below its moving averages across various time frames, indicating a lack of bullish momentum in the market.