Why is Escorts Kubota falling/rising?

As of 10-Jul, Escorts Kubota Ltd's stock is currently priced at 3,325.15, reflecting a decline of 50.85 points or 1.51%. The stock has underperformed its sector by 0.47% today and has experienced a consecutive fall over the last two days, resulting in a total decrease of 1.91%. The stock touched an intraday low of Rs 3,286, which represents a drop of 2.67%. Over the past week, the stock has decreased by 1.30%, while it has shown a modest increase of 2.03% over the past month. However, it has significantly underperformed over the last year with a return of -17.90%, despite a rise in profits by 14.9%. The company also has a relatively high Price to Book Value ratio of 3.6, indicating an expensive valuation compared to its peers.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week and a gain of 0.97% over the past month, indicating a more stable market environment compared to the stock's performance. The stock's liquidity is adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 49.87% against the 5-day average. The company's flat results in the latest quarter, including a significant drop in profit before tax and net sales compared to previous averages, further contribute to the negative sentiment surrounding the stock. Overall, the combination of poor recent performance, high valuation metrics, and declining investor interest has led to the stock's current downward trend.