Why is Action Const.Eq. falling/rising?

As of 08-Aug, Action Construction Equipment Ltd's stock price is currently at Rs 1,077.00, reflecting a decline of Rs 29.2 or 2.64%. The stock has underperformed its sector by 1.25% today, touching an intraday low of Rs 1,073.5. Over the past week, the stock has decreased by 3.40%, and it has seen a significant drop of 28.48% year-to-date, contrasting sharply with the Sensex, which has gained 2.20% during the same period. The company has a low Debt to Equity ratio and has demonstrated healthy long-term growth with an annual operating profit increase of 43.48%. However, recent flat results, including the lowest net sales and PBDIT, coupled with a high Price to Book Value ratio, suggest that the stock may be overvalued, contributing to its recent decline.
In the broader market context, Action Construction Equipment Ltd has significantly underperformed compared to the benchmark, with a one-year return of -17.67% against the BSE500's negative return of -1.79%. This stark contrast indicates a lack of investor confidence, as evidenced by the minimal stake held by domestic mutual funds at only 1.34%. The stock's performance over the past month and year highlights a troubling trend, as it has consistently lagged behind the market, raising concerns about its valuation and future growth prospects.