Why is Cheviot Company falling/rising?

As of 03-Jul, Cheviot Company Ltd's stock price is currently at 1,184.00, reflecting a decrease of 28.4 points or 2.34%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.66% during this period. It touched an intraday low of Rs 1167, and the trading volume has decreased significantly, with a delivery volume drop of 27.51% compared to the five-day average. Over the past year, the stock has generated a return of -16.10%, and its profits have also declined by 16.8%. The company has a low Debt to Equity ratio and a fair valuation, but it is trading at a premium compared to its peers, which may contribute to investor hesitation.
In the broader market context, Cheviot's short-term performance has been notably better than the benchmark, with a 1-week return of +8.33% compared to the Sensex's -0.62%. However, the stock has consistently underperformed against the benchmark over the last three years, which may influence investor sentiment negatively. The company's poor long-term growth prospects, as indicated by declining net sales and operating profit, alongside low domestic mutual fund interest, suggest a lack of confidence in its future performance. This combination of factors likely contributes to the stock's current downward movement.