Why is Escorts Kubota falling/rising?

As of 01-Aug, Escorts Kubota Ltd's stock is currently priced at 3,290.45, reflecting a decline of 87.55 points or 2.59%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.53% during this period. Today's performance indicates that the stock underperformed its sector by 0.58%, and it reached an intraday low of Rs 3,270, which is a drop of 3.2%. Over the past week, the stock has decreased by 3.40%, and it has also shown a significant decline of 20.64% over the past year, compared to a slight drop of 1.55% in the benchmark index. The company's recent financial results have been disappointing, with a notable decline in profit before tax and net sales, 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 benchmark, as it has underperformed significantly over the past year, with a return of -20.64% compared to the BSE500's -4.13%. The auto sector, particularly the tractor segment, has also seen a decline of 2.11%, which may be impacting investor sentiment. Additionally, there has been a marked decrease in investor participation, with delivery volumes dropping by 58.46% compared to the five-day average, indicating reduced interest in the stock. Despite having a low debt-to-equity ratio and a majority of shares held by promoters, the overall negative sentiment surrounding the company's financial performance and the sector's downturn appears to be driving the stock's recent decline.