Why is Amara Raja Ener. falling/rising?

As of 08-Aug, Amara Raja Energy & Mobility Ltd is experiencing a decline in its stock price, currently at 934.70, reflecting a decrease of 3.35 points or 0.36%. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 2.01%, and it has underperformed significantly over the past year with a return of -37.66%, compared to the Sensex's gain of 1.23%. Despite a rise in investor participation, with delivery volume increasing by 52.23% against the 5-day average, the overall performance remains weak, compounded by a low operating profit growth rate of 6.46% over the last five years and a significant drop in PAT for the latest quarter.
In the broader market context, while the Sensex has shown a slight decline of 0.92% over the past week, Amara Raja's performance has been notably worse, indicating a lack of investor confidence. The company's high institutional holdings at 33.39% suggest that informed investors are closely monitoring its fundamentals, yet the stock's poor long-term growth prospects and negative financial results, including a 29.7% fall in PAT, contribute to its downward trajectory. The stock's fair valuation relative to peers does not seem to be enough to offset the negative sentiment stemming from its substantial underperformance in the market over the past year.