Why is Rolex Rings falling/rising?

As of 30-Sep, Rolex Rings Ltd is currently priced at 1,296.00, reflecting a decline of 17.65 points or 1.34%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 5.9% 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 a rise in delivery volume by 8.19% against the 5-day average, the stock's long-term growth prospects appear poor, with net sales and operating profit growing at only 10.18% and 8.89% annually over the last five years, respectively. The company's high ROE of 22.12% and low Debt to EBITDA ratio of 0.27 times suggest strong management efficiency and debt servicing ability, but these positives are overshadowed by the stock's significant underperformance against benchmarks, generating a return of -49.24% over the past year.
In the broader market context, Rolex Rings has underperformed the Sensex, which has seen a slight increase of 2.72% year-to-date, while the stock has declined by 29.83% in the same period. The stock's performance over the last week and month also reflects a negative trend, with declines of 5.77% and 5.05%, respectively, compared to the Sensex's smaller drop of 2.23% and gain of 0.57%. This consistent underperformance against the benchmark, coupled with a high PEG ratio of 6, indicates that the stock may be overvalued relative to its earnings growth, further contributing to investor sentiment that favors selling over buying.