Why is Grauer & Weil falling/rising?

As of 21-Aug, Grauer & Weil (India) Ltd is currently priced at 94.25, reflecting an increase of 0.55 or 0.59%. The stock has shown a mixed performance recently, with a 1-week return of +1.62%, which is slightly below the Sensex's return of +1.74%. However, over the past month, the stock has declined by 9.51%, contrasting sharply with the Sensex's minor drop of 0.24%. Today's trading activity indicates that the stock has outperformed its sector by 0.57%, with a notable increase in delivery volume, rising by 389.1% against the 5-day average. Despite these positive indicators, the company has reported negative financial results, including a significant drop in profit before tax and net sales, which may contribute to investor caution. Additionally, the stock's high Price to Book Value ratio suggests it is trading at a premium compared to peers, further complicating its valuation.
In the broader market context, while Grauer & Weil's short-term performance has been positive, its longer-term returns paint a less favorable picture, with a year-to-date decline of 9.11% compared to the Sensex's gain of 4.94%. The low stake held by domestic mutual funds, at only 0.02%, may indicate a lack of confidence in the stock's current valuation or business prospects. This lack of institutional support, combined with the company's recent financial struggles, suggests that while there may be short-term gains, the overall sentiment towards Grauer & Weil remains cautious, reflecting broader concerns about its future performance in the market.