Why is Indef Manufactur falling/rising?

As of 16-Jul, Indef Manufacturing Ltd's stock price is currently at 454.00, reflecting a decline of 4.25, or 0.93%. The stock opened the day with a gain of 3.64% and reached an intraday high of Rs 474.95, but ultimately underperformed its sector by 2.24%. Over the past week, the stock has decreased by 3.42%, while it has shown a modest increase of 2.52% over the past month. Despite having a low Debt to Equity ratio, the company faces challenges with poor long-term growth, as evidenced by a negative annual growth rate of net sales over the last five years. Additionally, the stock's valuation appears high with a Price to Book Value of 5.7, which may deter investors.
In the broader market context, the Sensex has declined by 1.08% over the past week, indicating that the stock's short-term performance is worse than the benchmark. The stock's recent performance is further complicated by a significant drop in investor participation, with delivery volume falling by 42.96% against the five-day average. While the stock has generated a return of 0.00% over the past year, its profits have increased by 26%, suggesting that despite some positive financial indicators, the overall sentiment remains negative, contributing to the stock's decline.