Why is GMM Pfaudler falling/rising?

As of 29-Jul, GMM Pfaudler Ltd's stock price is currently at 1,273.95, reflecting a decrease of 17.3 points or 1.34%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.34% during this period. It opened with a significant loss of 4.54% today and reached an intraday low of Rs 1232.6. Over the past week, the stock has decreased by 3.19%, while it has shown a modest increase of 7.16% over the past month. Despite a high management efficiency indicated by a return on capital employed (ROCE) of 17.76% and strong institutional holdings, the stock has faced challenges, including a substantial profit decline of 41.5% over the past year, contributing to its negative performance.
In the broader market context, GMM Pfaudler's recent performance has been notably weaker compared to the benchmark, with the Sensex declining by only 1.03% over the same week. The stock's long-term returns have also been disappointing, with a 12.96% drop over the past year and a significant underperformance against the BSE500 over the last three years. This consistent underperformance, coupled with flat results in recent financial reports, has likely contributed to investor sentiment that is cautious, despite the rising delivery volume indicating some interest from investors. Overall, the combination of recent price declines, poor financial results, and a lack of positive momentum in comparison to the benchmark has led to the stock's current downward trend.