Why is Bhageria Indust. falling/rising?

As of 01-Aug, Bhageria Industries Ltd is experiencing a decline in its stock price, currently at Rs 199.75, which reflects a decrease of -1.15 (-0.57%). The stock has been under pressure, having fallen for the last two consecutive days, resulting in a total decline of -1.58% during this period. Despite this recent downturn, the stock has outperformed its sector today by 0.48%. Over the past week, Bhageria Industries has shown a positive return of +2.51%, while its performance over the last month has been negative at -7.09%. The company's financial health is mixed; it has reported strong results with a 32.86% growth in net profit and positive results for the last six quarters, but it also faces challenges with poor long-term growth and a high price-to-book ratio, which may deter some investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by -1.06% over the past week and -3.70% over the last month. While Bhageria Industries has managed to generate a return of +16.98% over the past year, the overall market has struggled, with the BSE500 index showing negative returns of -4.13%. This indicates that despite the company's recent struggles, it has been able to outperform the broader market over a longer time frame. However, the lack of domestic mutual fund investment, which stands at 0%, may suggest a lack of confidence in the stock's valuation or business prospects, contributing to its recent price decline.