Why is Arrow Greentech falling/rising?

As of 04-Sep, Arrow Greentech Ltd is experiencing a decline in its stock price, currently at Rs 558.35, reflecting a decrease of Rs 8.9 or 1.57%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.65% during this period. Today's performance indicates that it has underperformed its sector by 1.03%, and it has traded lower than its moving averages across various time frames. Additionally, the company's recent financial results show a significant drop in net sales and profit before tax, which has contributed to its negative momentum. Despite a low debt-to-equity ratio and healthy long-term growth rates, the stock's valuation appears expensive relative to its peers, and domestic mutual funds hold no stake, suggesting a lack of confidence in the current price.
In the broader market context, Arrow Greentech's short-term performance has been notably worse than the benchmark, with a one-week return of -5.59% compared to the Sensex's gain of 0.80%. Over the past year, the stock has generated a return of -35.49%, significantly underperforming the market, which has seen a decline of only 4.38%. This stark contrast highlights the challenges faced by Arrow Greentech in attracting investor interest and maintaining market confidence, particularly in light of its recent financial struggles and the lack of institutional support.