Why is Focus Lighting falling/rising?

As of 02-Sep, Focus Lighting & Fixtures Ltd is currently priced at 96.60, reflecting a slight increase of 0.07 (0.07%). The stock has shown mixed performance recently, with a 1-week return of +1.09%, but it has underperformed the sector by -0.58% today. Over the past month, the stock has declined by -11.80%, and it has experienced a significant drop of -23.41% year-to-date. The company has reported negative results for the last four consecutive quarters, with a notable fall in net sales of -24.57% and a decline in profit after tax by -83.13%. Despite a low debt-to-equity ratio of 0.05, the company's poor long-term growth, indicated by an annual operating profit growth rate of only 3.85% over the last five years, raises concerns about its valuation, which is deemed expensive with a price-to-book value of 4.6.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has shown a slight increase of 0.06% over the past month. While the BSE500 index has generated negative returns of -4.82% in the last year, Focus Lighting's stock has fared worse with a return of -17.31%. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its current valuation or business prospects. Overall, the combination of poor financial results, declining sales, and underperformance relative to the market contributes to the stock's recent struggles.