Why is Action Const.Eq. falling/rising?

As of 05-Aug, Action Construction Equipment Ltd's stock price is currently at Rs 1,092.60, reflecting a decrease of Rs 15.25 or 1.38%. The stock has been underperforming, having lost 4% over the last four days and trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's performance over the past week and month shows declines of 2.45% and 8.26%, respectively, while it has underperformed the sector by 1.36% today. Despite the company declaring positive results for the last 12 consecutive quarters and showing healthy long-term growth in operating profit, the stock's valuation appears expensive with a high Price to Book Value ratio, which may deter investors. Furthermore, the low participation from domestic mutual funds, holding only 1.34% of the company, suggests a lack of confidence in the stock's current price.
Broader market context indicates that while the BSE500 has generated a return of 0.50% over the past year, Action Construction Equipment Ltd has significantly underperformed with a return of -14.50%. This stark contrast highlights the challenges the stock faces in gaining traction in the market. The broader market's relatively stable performance juxtaposed with the company's declining stock price may reflect investor sentiment that is cautious about the stock's valuation and future growth prospects, despite its strong operational metrics.