Why is 3M India falling/rising?

As of 28-Jul, 3M India Ltd. is experiencing a decline in its stock price, currently at Rs 30,830.05, reflecting a decrease of Rs 659.95 or 2.1%. The stock has underperformed its sector by 0.93% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.68%. Over the past week, the stock has shown a positive return of 2.19%, but it has significantly underperformed over the past year with a decline of 18.91%. Despite having a high return on equity (ROE) of 19.22% and a low debt-to-equity ratio, the company has faced challenges with poor long-term growth, as evidenced by a decrease in profit after tax (PAT) by 55.7% and a low earnings per share (EPS) of Rs 63.33.
In the broader market context, while the stock has shown some resilience in the short term with a 7.85% increase over the past month, it has still lagged behind the benchmark Sensex, which has declined by 3.77% in the same period. The stock's performance is concerning, especially given its substantial drop over the past year compared to the BSE500, which fell only 2.52%. This underperformance, coupled with falling investor participation—evidenced by a 38.77% drop in delivery volume—suggests a lack of confidence among investors, further contributing to the stock's recent decline.