Why is Carborundum Uni. falling/rising?

As of 05-Jun, Carborundum Universal Ltd's stock price is currently at 955.85, reflecting a decrease of 8.05 points or 0.84%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 3.25% during this period. Additionally, the stock's performance over the past week shows a drop of 3.13%, while it has significantly underperformed the benchmark Sensex, which has only decreased by 0.23%. The company's recent financial results have been disappointing, with a notable decline in profit before tax and profit after tax, contributing to a bearish sentiment. The stock is also trading below its moving averages, indicating a lack of upward momentum, and there has been a decrease in investor participation, with delivery volume falling by 33.11% against the five-day average.
In the broader market context, Carborundum Universal Ltd's short-term performance has been notably weaker than the Sensex, which has shown a slight positive return over the same period. The stock's long-term growth prospects appear poor, with a significant decline in returns over the past year at -38.76%, compared to the Sensex's gain of 9.49%. The company's low debt-to-equity ratio and high institutional holdings suggest some level of stability; however, the overall negative financial indicators and technical analysis point towards a continued bearish trend in the stock's performance.