Why is CIE Automotive falling/rising?

As of 25-Jul, CIE Automotive India Ltd is experiencing a decline in its stock price, currently at Rs 415.45, which reflects a decrease of Rs 10.4 or 2.44%. The stock has underperformed its sector by 1.12% today, reaching an intraday low of Rs 412.25. Over the past week, the stock has decreased by 3.01%, and it has also shown a significant decline of 28.94% over the past year, despite a healthy long-term growth rate in operating profit of 34.67%. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 27.85% compared to the 5-day average. While the company has a low debt-to-equity ratio and high institutional holdings at 25.68%, the recent profit decline of 8.7% over the past year has negatively impacted investor sentiment.
In the broader market context, the Sensex has only decreased by 0.36% over the past week and has gained 4.25% year-to-date, contrasting sharply with CIE Automotive's performance. The stock's year-to-date return of -11.74% further highlights its underperformance relative to the benchmark. This disparity suggests that while the overall market is showing resilience, CIE Automotive is facing specific challenges that are contributing to its decline. The combination of falling investor participation, poor short-term returns, and a significant drop in annual returns compared to the benchmark indicates a lack of confidence among investors, which is likely driving the stock's current downward movement.