Why is Greenlam Industr falling/rising?

As of 12-Aug, Greenlam Industries Ltd is experiencing a decline in its stock price, currently at 226.75, which reflects a decrease of 3.1 or 1.35%. The stock has underperformed its sector by 0.32% today, with an intraday low of Rs 223.8, marking a drop of 2.63%. Over the past week, the stock has shown a modest increase of 0.49%, but it has significantly underperformed over the longer term, with a year-to-date decline of 21.50% compared to a 2.68% gain in the benchmark. The company has faced challenges, including a substantial drop in profits by 72.9% over the past year, and has reported negative results for the last seven consecutive quarters, contributing to a lack of investor confidence.
Broader market context indicates that while the BSE500 index has seen a negative return of 2.11% over the past year, Greenlam Industries' stock has fared much worse with a decline of 20.62%. This stark contrast highlights the company's struggles in attracting institutional investors, who have reduced their stake by 0.6% in the last quarter, indicating a lack of confidence in its long-term growth prospects. Additionally, the stock's liquidity is relatively low, with a significant drop in delivery volume, suggesting decreased investor participation. Overall, these factors contribute to the stock's downward trajectory in the market.