Why is Arvind SmartSp. falling/rising?

As of 25-Jul, Arvind SmartSpaces Ltd is experiencing a decline in its stock price, currently at Rs 620.20, reflecting a decrease of Rs 9.8 or 1.56%. The stock has underperformed its sector by 0.67% today, having touched an intraday low of Rs 612.7, which is a drop of 2.75%. Over the past week, the stock has fallen by 7.58%, and year-to-date, it has decreased by 28.84%. Despite reporting positive results over the last three consecutive quarters, including significant growth in net sales and profit after tax, the company faces challenges such as poor long-term growth and a high price-to-book ratio, leading to concerns about its valuation. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 62.06% against the five-day average, indicating waning interest.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -21.23% against the Sensex's positive return of 1.78%. This stark contrast highlights the stock's struggles, particularly as institutional investors have reduced their stakes, reflecting a lack of confidence in the company's long-term prospects. The overall market has also faced challenges, but Arvind SmartSpaces Ltd's performance has been considerably worse, suggesting that investors are increasingly cautious about its future growth potential amidst rising valuations and declining participation.