Why is 3M India falling/rising?

As of 08-Aug, 3M India Ltd. is experiencing a decline in its stock price, currently at Rs 31,600.00, reflecting a decrease of Rs 435.0 or 1.36%. Today's performance indicates that the stock has outperformed its sector by 0.82%, although it has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 31,250, which represents a drop of 2.45%. Over the past week, 3M India has shown a positive return of 2.30%, while its one-year performance remains negative at -15.04%. Despite a high management efficiency with a return on equity (ROE) of 19.22% and a low debt-to-equity ratio, the company has faced challenges, including a flat PAT growth of -21.78% over the last six months and a significant decline in profits over the past year.
In the broader market context, while 3M India has outperformed the Sensex in the short term, the benchmark has shown a negative return of -0.92% over the past week. The stock's performance is notably weaker over the past year, with a return of -15.04% compared to the Sensex's positive return of 1.23%. This underperformance, coupled with the stock's expensive valuation relative to its peers, has contributed to investor caution. The recent decline in stock price, despite healthy long-term growth prospects, suggests that market sentiment is currently influenced by the company's recent flat results and declining profits, leading to a cautious outlook among investors.