Why is Gala Precis. Eng falling/rising?

As of 18-Sep, Gala Precision Engineering Ltd is experiencing a decline in its stock price, currently at 832.10, reflecting a decrease of 5.85 points or 0.7%. Today's performance indicates that the stock has underperformed its sector by 0.93% and has reversed its trend after three consecutive days of gains. While the stock has shown a positive return of 20.11% over the past year, it has a year-to-date decline of 36.77%. The company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with an operating profit increase of 32.47% annually. However, the stock's valuation appears expensive with a price-to-book value of 4.2, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence at the current price.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.80% over the past week and 2.14% over the past month. The stock's underperformance relative to the market and its recent price decline may reflect investor caution, particularly given the flat operating cash flow reported in June and the relatively low return on equity of 10.5%. Despite the stock's ability to generate positive returns in a declining market, the lack of significant institutional investment could be contributing to its current downward pressure.