Why is Carraro India falling/rising?

As of 30-Sep, Carraro India Ltd's stock price is currently at 455.00, reflecting a decrease of 11.5, or 2.47%. The stock has underperformed its sector today, with a performance that is 1.85% lower than the sector average. It reached an intraday low of Rs 454.55, indicating a decline of 2.56%. Over the past week, the stock has decreased by 2.84%, while it has shown a positive return of 10.85% over the past month. Despite this recent uptick, the year-to-date performance remains concerning, with a decline of 28.59%. The stock's delivery volume has also fallen significantly, down 56.1% compared to the 5-day average, suggesting reduced investor participation. However, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.95 times, and has shown healthy long-term growth with an annual operating profit increase of 53.98%.
In the broader market context, Carraro India has underperformed the Sensex, which has declined by only 2.23% over the past week. This underperformance is notable given that the stock's year-to-date decline of 28.59% starkly contrasts with the Sensex's modest gain of 2.72% in the same timeframe. The stock's high institutional holdings at 20.31% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. Despite the recent profit growth of 42% and an attractive valuation indicated by a ROCE of 20.9, the overall market sentiment and declining investor participation may be contributing to the stock's current downward trend.