Why is Honeywell Auto falling/rising?

As of 23-Sep, Honeywell Automation India Ltd is experiencing a decline in its stock price, currently at 36,615.00, which reflects a decrease of 319.0 points or 0.86%. The stock has been underperforming, having lost 2.88% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of returns, the stock has shown a negative performance of 12.53% year-to-date and a significant decline of 26.13% over the past year, indicating consistent underperformance against the benchmark indices. Despite a low debt-to-equity ratio and being a major player in its sector, the company has faced challenges such as poor long-term growth, with operating profit declining at an annual rate of 1.29% over the last five years.
Broader market context shows that Honeywell's recent performance is notably worse than the benchmark, as it has underperformed the Sensex by 0.58% over the past week and by 3.20% over the past month. The Sensex has shown a positive return of 0.98% in the last month, contrasting sharply with Honeywell's decline. This broader market strength highlights the stock's struggles, compounded by flat results in recent quarters and a high price-to-book value ratio, suggesting that the stock may be overvalued compared to its peers. Overall, the combination of poor financial performance, declining returns, and underwhelming market conditions contributes to the stock's downward trajectory.