Why is Arrow Greentech falling/rising?

As of 11-Jun, Arrow Greentech Ltd is experiencing a decline in its stock price, currently at 623.10, which reflects a decrease of 9.9 points or 1.56%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 11.26% during this period. Additionally, the stock has traded within a narrow range of Rs 5.95 and has seen a significant drop in investor participation, with delivery volume decreasing by 85.1% compared to the five-day average. Despite the company reporting positive results over the last four quarters and demonstrating healthy long-term growth in net sales and operating profit, the stock is technically in a mildly bearish range, which has contributed to its recent price movement.
In the broader market context, Arrow Greentech's short-term performance has been notably poor, with a one-week return of -9.56%, contrasting sharply with the Sensex, which has gained 1.87% during the same period. While the company has shown strong growth metrics and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book value of 5, and domestic mutual funds hold no stake in the company, indicating a lack of confidence among institutional investors. This combination of technical bearishness, declining investor interest, and relative underperformance against the benchmark has led to the stock's current downward trend.