Why is 3M India falling/rising?

As of 11-Aug, 3M India Ltd. is currently priced at 31,133.75, reflecting a decrease of 466.25, or 1.48%. The stock has been underperforming, having lost 2.81% over the last two days and showing a performance today that is 3.75% lower than its sector. Despite trading above its moving averages for various periods, the stock has experienced a significant decline of 16.98% over the past year, with profits falling by 17.2%. 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 these positive factors are overshadowed by flat results in the latest quarter and an expensive valuation relative to its peers.
In the broader market context, while 3M India has shown a 1.75% increase over the past week and a 4.46% increase over the past month, it has still underperformed the benchmark Sensex, which has seen a slight decline of 0.51% over the same week and a 2.30% drop over the month. The stock's year-to-date performance of 2.39% is also less favorable compared to the Sensex's 3.15% gain. Overall, the combination of recent poor performance, declining investor participation, and a significant drop in profits relative to the market has contributed to the stock's current downward trend.