Why is Arrow Greentech falling/rising?

As of 02-Sep, Arrow Greentech Ltd's stock price is currently at Rs 572.35, reflecting a decrease of Rs 16.15 or 2.74%. The stock has underperformed its sector by 3.45% today and has been on a consecutive decline for the last two days, with a total drop of 3.29%. Additionally, the stock has experienced significant declines over the past week and month, with returns of -7.77% and -23.85%, respectively. Key financial indicators show a concerning trend, with net sales falling by 37.07% and profit before tax declining by 52.91%. Despite a healthy long-term growth rate in net sales and operating profit, the stock's valuation appears expensive with a Price to Book Value of 4.6, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current price.
In the broader market context, Arrow Greentech's performance has been notably worse than the benchmark, with a one-year return of -31.49% compared to the BSE500's decline of only -4.82%. This stark contrast indicates that while the overall market has faced challenges, Arrow Greentech has struggled significantly more, contributing to its negative sentiment among investors. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a 60.97% drop in delivery volume, further exacerbates its downward trajectory. Overall, the combination of poor recent financial performance, high valuation concerns, and lack of institutional support has led to the stock's decline.