Why is Action Const.Eq. falling/rising?

As of 07-Nov, Action Construction Equipment Ltd is experiencing a decline in its stock price, currently at 1,022.55, reflecting a decrease of 49.25 points or 4.6%. The stock has underperformed its sector by 3.46% today and has been on a downward trend for the last two days, accumulating a total drop of 6.77%. The stock's performance over the past week shows a decline of 7.25%, while over the past month, it has decreased by 5.26%. Additionally, the stock is trading below its moving averages across various timeframes, indicating a bearish trend. Despite a healthy long-term growth in net sales and operating profit, the recent quarterly results showed a flat performance with a 5% decline in PAT and a low EPS of 7.56, contributing to a perception of an expensive valuation with a high Price to Book Value ratio.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -22.36% against the Sensex's gain of 4.62%. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 1.3% in the previous quarter, suggesting a lack of confidence from more sophisticated investors. The overall market has shown resilience, with the BSE500 generating returns of 2.78% over the past year, further highlighting the challenges faced by Action Construction Equipment Ltd in attracting investor interest and maintaining its stock price amidst a generally positive market environment.