Why is Eco Recyc. falling/rising?

As of 13-Jun, Eco Recycling Ltd's stock price is currently at Rs 591.90, reflecting a decline of Rs 14.1 or 2.33%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decrease of 6.27% during this period. It opened with a loss of 2.76% today and reached an intraday low of Rs 585, which is a drop of 3.47%. In terms of performance against benchmarks, the stock has underperformed the sector by 1.74% today and has seen a 5.76% decline over the past week, while showing a modest increase of 3.66% over the past month. The company's recent financial results have been disappointing, with a significant drop in profit after tax and net sales compared to previous quarters, contributing to a perception of an expensive valuation relative to peers.
In the broader market context, the Sensex has only declined by 1.30% over the past week, indicating that Eco Recycling Ltd's performance is lagging behind the overall market. Despite a healthy long-term growth rate in operating profit and a low debt-to-equity ratio, the stock's recent performance and the lack of investment from domestic mutual funds suggest a lack of confidence among investors. The company's high price-to-book ratio and the recent flat quarterly results have further compounded concerns, leading to a cautious outlook among potential investors.