Why is 3M India falling/rising?

As of 31-Jul, 3M India Ltd. is currently priced at 30,810.00, reflecting a decrease of 54.7 points or 0.18%. The stock has been experiencing a decline over the past two days, with a total drop of 0.64%. Despite outperforming its sector by 2.67% today, the stock's performance over the past week shows a loss of 2.74%, while it has gained 7.43% over the past month. However, the stock has underperformed significantly over the last year, with a return of -21.55%. The company has a high management efficiency indicated by a return on equity (ROE) of 19.22% and a low debt-to-equity ratio, but it faces challenges due to poor long-term growth, with net sales growing at only 9.71% annually over the last five years and a significant drop in profit after tax (PAT) by 55.7%.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only 1.22% over the past week. While 3M India has shown some resilience in the short term, its long-term performance remains concerning, as it has underperformed the BSE500 over various time frames. The stock's valuation appears expensive with a price-to-book value of 16.2, and despite trading at a discount compared to its peers' historical valuations, the overall sentiment remains negative due to falling profits and a lack of growth momentum.