Why is Borosil falling/rising?

As of 29-Sep, Borosil Ltd's stock price is currently at Rs 341.25, reflecting a decline of Rs 11.85 or 3.36%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 8.57% during this period. Today's performance indicates that it underperformed its sector by 0.38%, with an intraday low of Rs 333, which is a decrease of 5.69%. Over the past week, the stock has declined by 2.94%, and it has also shown a significant year-to-date decline of 15.93%. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, it suffers from poor management efficiency, as indicated by a low return on equity (ROE) of 9.03%, and has faced flat results in its latest financial report, contributing to its recent price decline.
In the broader market context, Borosil's short-term performance has not only lagged behind its sector but also underperformed the benchmark Sensex, which has seen a decline of 2.18% over the same week. The stock's consistent underperformance against the benchmark over the last three years, coupled with a high price-to-book ratio compared to its peers, suggests that investors are cautious about its valuation amidst declining sales and operating cash flow. The falling investor participation, as evidenced by a significant drop in delivery volume, further indicates a lack of confidence in the stock, contributing to its downward price movement.