Why is Escorts Kubota falling/rising?

As of 09-Jul, Escorts Kubota Ltd's stock price is currently at 3,376.00, reflecting a decrease of 13.75 points or 0.41%. The stock has recently underperformed its sector by 0.34% and has experienced a trend reversal, falling after two consecutive days of gains. Despite a positive performance over the past week and month, with returns of 0.89% and 2.54% respectively, the stock has significantly underperformed over the past year, showing a decline of 18.90%. The company's financials indicate a low Debt to Equity ratio, but recent quarterly results have shown a decline in profit before tax and net sales compared to previous averages, contributing to a perception of an expensive valuation with a Price to Book Value of 3.6.
In the broader market context, the stock has lagged behind the benchmark, with the BSE500 generating a return of 1.43% over the past year while Escorts Kubota has seen a negative return of 18.90%. This underperformance is particularly notable given that the stock has generated profits that have risen by 14.9% during the same period, indicating a disconnect between stock performance and underlying profitability. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be weighed down by its recent financial results and valuation concerns, leading to its current decline.