Why is Focus Lighting falling/rising?

As of 17-Nov, Focus Lighting & Fixtures Ltd is experiencing a decline in its stock price, currently at 76.28, reflecting a decrease of 2.86, or 3.61%. The stock has underperformed significantly, with a 1-week return of -8.17% and a 1-month return of -13.75%. Additionally, it has consistently traded below its moving averages across various time frames, indicating a bearish trend. The company has reported negative results for the last five consecutive quarters, with a substantial drop in profits, including a -72.38% decline in PAT over the latest six months. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation appears expensive relative to its peers, contributing to its poor performance.
In the broader market context, the Sensex has shown resilience with a 1-week gain of +1.72% and a 1-month increase of +1.18%, contrasting sharply with Focus Lighting's negative returns. Over the past year, while the broader market has generated returns of +10.54%, Focus Lighting has seen a staggering decline of -44.81%. This stark underperformance may reflect a lack of confidence from domestic mutual funds, which hold no stake in the company, suggesting concerns about its valuation and business prospects. Overall, the combination of negative financial results, poor stock performance relative to the market, and low investor confidence contributes to the stock's downward trajectory.