Why is Carborundum Uni. falling/rising?

As of 17-Nov, Carborundum Universal Ltd is experiencing a decline in its stock price, currently at 872.30, which represents a decrease of 12.7 points or 1.44%. The stock has underperformed its sector by 2.05% today and has been on a downward trend for the last two days, with a total decline of 2.26% during this period. Additionally, the stock has shown poor performance over various time frames, with a year-to-date return of -31.88% and a one-year return of -40.34%. The company has reported negative results for the last three consecutive quarters, with significant declines in both profit before tax and profit after tax compared to previous averages. Despite having a low debt-to-equity ratio and high institutional holdings, the overall financial performance and growth prospects appear weak, contributing to the stock's recent decline.
In the broader market context, Carborundum Universal Ltd's short-term performance is notably worse than the benchmark, with a one-week return of -4.26% compared to the Sensex's gain of 1.69%. This underperformance is indicative of broader market trends, where the stock has consistently lagged behind the BSE500 over the past three years, one year, and three months. The company's liquidity is adequate for trading, but the significant drop in delivery volume suggests a lack of investor confidence. Overall, the combination of poor financial results, declining investor participation, and underperformance relative to the market has led to the stock's current downward trajectory.