Why is Focus Lighting falling/rising?

As of 14-Jul, Focus Lighting & Fixtures Ltd is experiencing a decline in its stock price, currently at 103.91, which reflects a decrease of 1.3 or 1.24%. The stock has underperformed its sector by 0.4% today and is trading higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has dropped by 2.89%, and it has shown a significant decline of 26.79% over the past year, while its profits have fallen by 61.2%. The company has reported negative results for the last three consecutive quarters, with a substantial decrease in profit after tax and net sales, which are at their lowest levels. Despite having a low debt-to-equity ratio and healthy long-term growth in operating profit, the overall negative financial performance is impacting investor sentiment.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, as it has generated negative returns of 26.79% over the last year, while the BSE500 index has seen a slight increase of 0.26%. This stark contrast indicates that Focus Lighting is struggling to attract investor confidence, particularly as domestic mutual funds hold no stake in the company, suggesting a lack of comfort with its current valuation. The stock's expensive valuation, indicated by a high price-to-book ratio, further complicates its appeal, especially in light of its recent financial struggles. Overall, the combination of poor financial results and underperformance relative to the market is contributing to the stock's decline.