Why is Royale Manor falling/rising?

As of 01-Aug, Royale Manor Hotels & Industries Ltd is currently priced at 48.05, reflecting a decrease of 1.32, or 2.67%. The stock has underperformed its sector today, with a performance drop of 2.68%. It reached an intraday high of Rs 50.45 but also fell to a low of Rs 47.5, indicating significant volatility. Over the past week, the stock has declined by 5.13%, while its one-month performance shows a slight decrease of 1.09%. The company has faced challenges, including a weak long-term fundamental strength with a -3.28% CAGR growth in operating profits over the last five years and a low average return on equity of 4.32%. Additionally, the latest six-month PAT has decreased by 32.14%, contributing to a negative sentiment around the stock.
In the broader market context, the Sensex has only declined by 1.06% over the past week, suggesting that Royale Manor's performance is lagging behind the market. While the stock has shown a remarkable 103.60% increase over the past three years, its recent returns indicate a troubling trend, with a year-to-date decline of 11.02% compared to the Sensex's gain of 3.15%. The stock's valuation appears expensive with a price-to-book value of 1.6, and despite trading at a discount compared to peers, the overall negative financial indicators and flat results have led to a bearish outlook among investors.