Why is Indef Manufactur falling/rising?

As of 14-Jul, Indef Manufacturing Ltd's stock price is currently at 435.15, reflecting a decrease of 22.9 points or 5.0%. The stock has underperformed its sector by 5.34% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 9.54% during this period. The stock reached an intraday low of Rs 435.15, indicating significant selling pressure. Additionally, the delivery volume has decreased by 46.52% compared to the 5-day average, suggesting a decline in investor participation. While the company maintains a low debt-to-equity ratio, it faces challenges such as poor long-term growth, with net sales declining at an annual rate of 1.60% over the past five years, and a high valuation reflected in its price-to-book ratio of 5.5.
In the broader market context, the stock's performance has been notably weaker than the benchmark Sensex, which has only declined by 1.42% over the past week, while Indef Manufacturing Ltd has fallen by 16.45% in the same timeframe. This stark contrast highlights the stock's struggles relative to the market. Furthermore, despite a flat performance in March 2025, the company's profits have increased by 26%, yet the stock has generated a return of 0.00% over the past year, indicating a disconnect between profitability and stock performance. Overall, these factors contribute to the stock's downward trajectory amidst a relatively stable market environment.