Why is Grauer & Weil falling/rising?

As of 16-Jul, Grauer & Weil (India) Ltd is experiencing a decline in its stock price, currently at Rs 106.55, down by Rs 3.3 or 3.0%. Today's price summary indicates that the stock has underperformed its sector by 2.85%, with an intraday low of Rs 105.05, reflecting a decrease of 4.37%. Despite a strong performance over the past month with a return of 27.19%, the stock's recent negative movement is influenced by poor quarterly results, including a significant drop in profit after tax and operating profit margins. Additionally, while the company has shown consistent returns over the last three years, its long-term growth appears limited, with net sales and operating profit growth rates lagging behind expectations. The stock's high valuation, indicated by a price-to-book ratio of 5.1, may also contribute to investor caution.
In the broader market context, Grauer & Weil's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.08% over the past week. While the stock has outperformed the benchmark in the longer term, its short-term underperformance relative to the sector and the overall market sentiment may be affecting investor confidence. The low participation from domestic mutual funds, holding only 0.02% of the company, suggests a lack of comfort with the current price levels, further indicating potential concerns about the stock's valuation and growth prospects.