Why is Escorts Kubota falling/rising?

As of 31-Jul, Escorts Kubota Ltd's stock price is currently at Rs 3,378.00, reflecting a decrease of Rs 60.8 or 1.77%. The stock has been experiencing a downward trend, having lost 3.02% over the last two days. It touched an intraday low of Rs 3,344.7, indicating significant selling pressure. The stock's performance over the past week shows a decline of 2.10%, while it has managed a slight gain of 1.90% over the past month. However, it has underperformed significantly over the past year, with a return of -19.28%. The company's financials reveal a concerning trend, with a drop in profit before tax and net sales compared to previous quarters, contributing to a perception of an expensive valuation relative to its peers.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only 1.22% over the past week. The auto sector, particularly the tractor segment, has also faced challenges, with a decrease of 2.06%. Additionally, there has been a notable drop in investor participation, with delivery volumes falling by 59.51% against the five-day average, indicating reduced interest in the stock. Despite a low debt-to-equity ratio and a strong historical performance over three and five years, the stock's current trajectory suggests a lack of confidence among investors, exacerbated by its underperformance relative to the broader market and sector trends.