Why is 3M India falling/rising?

As of 12-Aug, 3M India Ltd. is experiencing a decline in its stock price, currently at Rs 30,910.00, which reflects a decrease of Rs 223.75 or 0.72%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 3.51% during this period. Today's performance indicates that it underperformed its sector by 0.88%, and it reached an intraday low of Rs 30,500, marking a decrease of 2.04%. While the stock has shown some positive returns over the past week and month, it has significantly underperformed over the past year with a return of -17.77%, compared to the Sensex's modest gain of 0.74%. Additionally, the stock's liquidity appears to be declining, as evidenced by a 79.48% drop in delivery volume compared to the five-day average.
In the broader market context, while the Sensex has faced a decline of 0.59% over the past week, 3M India's performance has been slightly better in that timeframe, but it still lags behind the benchmark on a one-year basis. The company's high management efficiency, indicated by a return on equity (ROE) of 19.22%, and low debt-to-equity ratio suggest potential for long-term growth. However, the recent flat results and a significant drop in profits over the last six months, along with a high valuation compared to peers, contribute to the stock's negative sentiment. This combination of factors, including the stock's historical underperformance and declining investor participation, has led to the current downward price movement.