Why is Amara Raja Ener. falling/rising?

As of 25-Sep, Amara Raja Energy & Mobility Ltd is experiencing a decline in its stock price, currently at Rs 981.45, which represents a decrease of Rs 20.6 or 2.06%. The stock has underperformed its sector by 0.5% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.68%. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Over the past year, the stock has significantly underperformed with a return of -27.99%, while its profits have also fallen by 20.9%. Despite having a low debt-to-equity ratio and attractive valuation metrics, the poor long-term growth prospects, highlighted by a decline in operating profit and negative quarterly results, contribute to the stock's recent downward movement.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with a 1-week return of -5.08% compared to the Sensex's -2.23%. This underperformance is further emphasized by the stock's year-to-date return of -18.27%, contrasting sharply with the Sensex's positive return of 3.87%. The high institutional holdings at 33.39% suggest that informed investors are closely monitoring the company's fundamentals, which may be influencing market sentiment negatively due to the recent disappointing financial results. Overall, the combination of declining investor participation, poor earnings performance, and unfavorable comparisons to the broader market are driving the stock's current decline.