Why is Escorts Kubota falling/rising?

As of 01-Jul, Escorts Kubota Ltd's stock price is currently at 3,315.00, reflecting a decrease of 13.5 points or 0.41%. The stock has been experiencing a downward trend, having lost 1.22% over the last three days. Although it reached an intraday high of Rs 3,395, it is currently trading below its 5-day, 50-day, and 200-day moving averages, indicating a weaker performance in the short term. The stock has underperformed significantly over the past year, with a return of -19.95%, while the broader market has seen a gain of 5.31%. Additionally, the company reported flat results for the quarter ending March 25, with a notable decline in both profit before tax and net sales compared to previous averages, contributing to a perception of an expensive valuation relative to its peers.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 2.00% over the past week and 2.76% over the past month. This underperformance is compounded by a significant drop in investor participation, with delivery volume decreasing by 67.75% against the 5-day average. Despite having a low debt-to-equity ratio and a majority of shares held by promoters, the stock's negative returns and declining financial metrics have led to a lack of investor confidence, further exacerbating its decline in price.