Why is Rolex Rings falling/rising?

As of 18-Sep, Rolex Rings Ltd is experiencing a decline in its stock price, currently at 1,394.05, reflecting a decrease of 3.85 points or 0.28%. The stock has underperformed its sector today by 0.92% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 0.78% 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. Despite having a high management efficiency with a return on equity (ROE) of 22.12% and a low debt to EBITDA ratio of 0.27, the company has shown poor long-term growth with net sales growing at an annual rate of only 10.18% over the last five years. This, combined with a high price to book value ratio of 3.5 and a significant decline in stock returns of 44.03% over the past year, contributes to the negative sentiment surrounding the stock.
In the broader market context, Rolex Rings has underperformed compared to the Sensex, which has increased by 1.80% over the past week, while Rolex Rings has seen a slight decline of 0.07%. The stock's year-to-date performance is particularly concerning, with a drop of 24.52% compared to the Sensex's gain of 6.24%. The falling investor participation, with a 33.4% decrease in delivery volume against the 5-day average, further exacerbates the stock's struggles. The combination of underwhelming performance metrics, high valuation concerns, and a lack of investor confidence suggests that the stock is facing significant challenges in the current market environment.