Why is Grauer & Weil falling/rising?

As of 30-Jun, Grauer & Weil (India) Ltd is currently priced at 103.18, reflecting a decrease of 0.38, or 0.37%. The stock has been underperforming recently, having fallen for three consecutive days with a total decline of 4.72%. Despite this short-term downturn, the stock has shown strong performance over the past week and month, with returns of 11.03% and 27.43%, respectively. However, the company has reported negative financial results, including a decline in PAT and operating profit, which may contribute to investor concerns. Additionally, the stock's high valuation relative to its peers, indicated by a Price to Book Value ratio of 5, suggests that it may be perceived as expensive, further impacting its recent price movement.
In the broader market context, while Grauer & Weil's recent performance has been disappointing, it has outperformed the Sensex over the past week and month, which returned 2.09% and 2.65%, respectively. However, the stock's year-to-date performance is lagging behind the benchmark, with a decline of 0.50% compared to the Sensex's gain of 7.00%. The falling investor participation, as evidenced by a decrease in delivery volume, coupled with a low stake from domestic mutual funds, indicates a lack of confidence in the stock's future growth potential. Overall, these factors contribute to the stock's recent decline despite its historical performance and consistent returns over the last three years.