Why is Carraro India falling/rising?

As of 14-Jul, Carraro India Ltd's stock price is currently at Rs 441.50, reflecting a decline of Rs 9.6 or 2.13%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 3.29% during this period. In the past week, the stock has decreased by 2.33%, while over the past month, it has seen a decline of 1.98%. Despite a healthy long-term growth outlook indicated by a significant annual increase in operating profit and a low Debt to EBITDA ratio, the stock's recent performance has been negatively impacted by its underperformance against the sector and the benchmark indices.
In the broader market context, the Sensex has experienced a decline of 1.42% over the past week, which is less than Carraro India's decline, suggesting that the stock is underperforming relative to the market. While the stock has a high institutional holding of 20.31%, indicating confidence from larger investors, the overall negative sentiment reflected in the stock's recent price movements and its significant year-to-date decline of 30.71% compared to the Sensex's gain of 5.27% suggests that investors may be cautious about its short-term prospects despite its strong fundamentals.