Why is Amara Raja Ener. falling/rising?

As of 06-Aug, Amara Raja Energy & Mobility Ltd is experiencing a decline in its stock price, currently at 930.50, which reflects a decrease of 21.65 or 2.27%. The stock has underperformed its sector by 1.11% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.76% during this period. Additionally, the stock has consistently traded below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -36.94%, significantly underperforming the market, which has seen a return of 0.35%. Despite a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.3, the company's profits have fallen by 7.6%, contributing to the negative sentiment around the stock.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.05% compared to the Sensex's -1.15%. This underperformance is further highlighted by the company's recent financial results, which showed a significant decline in profit after tax and operating profit margins. High institutional holdings at 33.39% indicate that knowledgeable investors are closely monitoring the company's fundamentals, but the overall sentiment remains cautious due to poor long-term growth prospects and recent negative financial results. The combination of these factors has led to a lack of investor confidence, contributing to the stock's decline.