Why is Franklin Indust. falling/rising?

As of 03-Sep, Franklin Industries Ltd is experiencing a decline in its stock price, currently at Rs. 0.96, which reflects a decrease of Rs. 0.01 or 1.03%. The stock has recently hit a new 52-week low and has underperformed its sector by 1.83%. Over the past three days, it has consecutively fallen, resulting in a total decline of 17.95%. In terms of returns, the stock has significantly underperformed over various periods, with a year-to-date decline of 46.65% and a one-year drop of 62.90%. Despite having a high management efficiency indicated by a return on equity (ROE) of 31.26% and a low debt-to-equity ratio, the stock's performance has been negatively impacted by flat results in its latest earnings report, which showed substantial declines in profit before tax and profit after tax.
In the broader market context, the Sensex has shown a slight decline of 0.27% over the past week, while Franklin Industries has experienced a more pronounced drop of 2.04% in the same timeframe. This stark contrast highlights the stock's weakness relative to the benchmark. Additionally, while the stock has seen a rise in investor participation, with a significant increase in delivery volume, the overall sentiment remains bearish due to the company's recent financial performance and the substantial losses it has incurred over the past year. The stock's trading at a premium compared to its peers' average historical valuations further complicates its attractiveness to investors, contributing to its current downward trajectory.