Why is Excel Industries falling/rising?

As of 12-Nov, Excel Industries Ltd is experiencing a decline in its stock price, currently at Rs 998.00, reflecting a decrease of Rs 62.0 or 5.85%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 8.52% during this period. It opened the day with a loss of 5.18% and reached an intraday low of Rs 992, indicating significant selling pressure. Additionally, the stock has underperformed the sector by 4.45% today and has shown negative returns over various periods, including a 10.30% drop over the past week and a 12.91% decline over the past month. Despite some positive financial results in June, such as growth in profit before tax and net sales, the overall performance has been lackluster, with a year-to-date decline of 22.09% and a one-year return of -35.07%.
In the broader market context, the stock's performance contrasts sharply with the Sensex, which has gained 1.21% over the past week and 2.38% over the past month. This underperformance suggests that investor sentiment towards Excel Industries is weak, particularly as domestic mutual funds hold only a minimal stake in the company, indicating a lack of confidence in its future prospects. The company's low debt-to-equity ratio and attractive valuation metrics are overshadowed by concerns over poor long-term growth, as evidenced by the modest annual growth rates in net sales and operating profit over the past five years. Overall, the combination of recent price declines, poor relative performance, and cautious investor sentiment contributes to the stock's downward trajectory.