Why is Hardwyn India falling/rising?

As of 11-Sep, Hardwyn India Ltd's stock price is currently at 13.38, reflecting a decrease of 0.02 or 0.15%. The stock has underperformed its sector by 0.57% today and is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 13.8% against the 5-day average. Over the past year, the stock has generated a return of -37.78%, while its net sales have decreased by 7.0% in the latest quarter compared to the previous four-quarter average. The company has a low debt-to-equity ratio of 0.02, but its return on equity is only 2.9, indicating an expensive valuation with a price-to-book value of 1.7. Institutional investors have also reduced their stake by 0.9%, which may further contribute to the stock's downward pressure.
In the broader market context, the stock's performance has been significantly weaker than the benchmark, with a 1-week return of -0.45% compared to the Sensex's gain of 1.03%. Over the past month, Hardwyn India has declined by 2.62%, while the Sensex has increased by 1.17%. This underperformance is evident not only in the short term but also in the long term, as the stock has lagged behind the BSE500 over the last three years, one year, and three months. The combination of poor sales growth, falling institutional interest, and a high PEG ratio of 4.7 suggests that investors are cautious about the company's future prospects, contributing to the stock's decline.