Why is Action Const.Eq. falling/rising?

As of 04-Aug, Action Construction Equipment Ltd is experiencing a slight increase in its stock price, currently at 1,115.20, with a change of 0.2 (0.02%) upwards. The stock has shown a performance today that outperformed its sector by 1.3%, indicating a potential trend reversal after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term downward trend. Over the past week, the stock has gained 2.28%, while it has underperformed over the last month with a decline of 6.36%. Despite positive financial indicators, such as a low debt-to-equity ratio and consistent operating profit growth, the stock's valuation appears expensive relative to its peers, which may be contributing to investor hesitance.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a year-to-date decline of 25.95% against a 3.69% increase in the Sensex. This underperformance is further highlighted by the fact that while the broader market has seen negative returns of -2.34% over the past year, Action Construction Equipment Ltd has experienced a much steeper decline of -17.51%. Additionally, the low participation from domestic mutual funds, holding only 1.34% of the company, may indicate a lack of confidence in the stock's current valuation or business prospects, further impacting its market performance.