Why is Grindwell Norton falling/rising?

As of 22-Jul, Grindwell Norton Ltd. is currently priced at 1,770.00, reflecting a decrease of 15.0 points or 0.84%. The stock has shown a positive performance over the past week and month, with returns of 1.65% and 7.93%, respectively. However, it has underperformed significantly on a year-to-date basis, with a decline of 7.97%. Today's price summary indicates that the stock is performing in line with its sector, although it is trading below its 200-day moving averages while being higher than its shorter-term moving averages. Despite high management efficiency, indicated by a return on equity (ROE) of 18.29%, and a low debt-to-equity ratio, the stock faces challenges due to poor long-term growth, flat results, and a high valuation relative to its earnings. This combination of factors contributes to the stock's recent downward movement.
In the broader market context, Grindwell Norton has outperformed the Sensex in the short term, with a 1-week return of 1.65% compared to the benchmark's decline of 0.47%. However, the stock's long-term performance is concerning, as it has generated a return of -30.64% over the past year, significantly underperforming the BSE500 index. The falling investor participation, as evidenced by a decrease in delivery volume, further indicates a lack of confidence among investors. Overall, while there are some positive aspects to the company's fundamentals, the negative growth trends and high valuation relative to earnings are contributing to the stock's current decline.