Why is Borosil falling/rising?

As of 28-Aug, Borosil Ltd's stock price is currently at Rs 328.60, reflecting a decline of Rs 10.65 or 3.14%. Today's price summary indicates that the stock opened lower, with a gap down of 3.17%, and reached an intraday low of Rs 328.05, marking a decrease of 3.3%. The stock has underperformed its sector by 2.31% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 45.92% compared to the 5-day average. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the company faces challenges such as poor management efficiency, indicated by a low return on equity (ROE) of 9.03%, and disappointing financial results, including a 15.6% decline in net sales.
In the broader market context, Borosil's short-term performance over the past week shows a decline of 2.20%, which is slightly better than the benchmark Sensex's drop of 2.34%. However, the stock has significantly underperformed over the longer term, with a year-to-date return of -19.04% compared to the Sensex's gain of 2.48%. This underperformance is compounded by the company's flat results in June and an expensive valuation relative to its peers, as indicated by a price-to-book value of 4.9. Overall, the combination of declining sales, low profitability, and negative investor sentiment contributes to the stock's current downward trajectory.