Why is Action Const.Eq. falling/rising?

As of 06-Aug, Action Construction Equipment Ltd is experiencing a decline in its stock price, currently at 1,082.50, reflecting a decrease of 10.1 points or 0.92%. The stock has been on a downward trend, losing 4.89% over the past week and 9.11% over the past month. It has also underperformed significantly on a year-to-date basis, with a decline of 28.12%, despite the company reporting positive results for the last 12 consecutive quarters. While the stock has a low debt-to-equity ratio and has shown healthy long-term growth in operating profit, its valuation appears expensive with a price-to-book ratio of 8, which may deter investors. Additionally, domestic mutual funds hold only a small stake in the company, suggesting a lack of confidence at current price levels.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.15% over the past week. This underperformance is indicative of a broader trend, as the stock has generated negative returns of 14.79% over the past year while the market has seen a slight increase of 0.35%. The stock's recent consecutive falls and its trading below all key moving averages further highlight its weakness in comparison to the market. Despite a rise in investor participation, as evidenced by increased delivery volume, the overall sentiment remains cautious, leading to continued declines in the stock price.