Why is Greaves Cotton falling/rising?

As of 06-Oct, Greaves Cotton Ltd. is experiencing a decline in its stock price, currently at 208.30, which reflects a decrease of 8.25 or 3.81%. The stock has underperformed its sector by 3.66% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 207.35, indicating a significant drop of 4.25%. Over the past week, the stock has decreased by 1.84%, and over the past month, it has fallen by 6.97%. Despite a strong year-over-year performance of 22.31%, the company's recent results show a concerning trend, with operating profit declining at an annual rate of -0.98% over the last five years and a significant drop in profits by 64% over the past year. Additionally, the stock is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 35.28% against the five-day average.
In the broader market context, the Sensex has shown resilience, gaining 1.77% over the past week and 1.34% over the past month, while Greaves Cotton's performance has been negative during the same periods. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the company's low debt-to-equity ratio and impressive net profit growth of 1262.75% in June 25 are overshadowed by its high valuation and poor long-term growth prospects, as indicated by the low return on equity of 4.4 and a price-to-book value of 3.5. The limited interest from domestic mutual funds, holding only 1.66% of the company, suggests a lack of confidence in the stock's current valuation or business outlook, contributing to its downward price movement.