Why is Indef Manufactur falling/rising?

As of 16-Sep, Indef Manufacturing Ltd's stock price is currently at 365.00, reflecting a decrease of 0.95, or 0.26%. The stock has underperformed its sector by 0.43% today and has experienced a trend reversal, falling after three consecutive days of gains. In the past week, the stock has shown a positive return of 4.29%, although it has declined by 0.94% over the past month. The company's financial performance has raised concerns, particularly with a significant drop in net sales and profit after tax in the most recent quarter, alongside a poor long-term growth rate of -1.60% in net sales over the last five years. Additionally, the low participation from domestic mutual funds, holding 0% of the company, suggests a lack of confidence in the stock's valuation, which is considered expensive given its price-to-book ratio of 4.6.
In the broader market context, the Sensex has increased by 1.58% over the past week and 2.21% over the past month, indicating that the overall market is performing better than Indef Manufacturing Ltd. The stock's recent performance contrasts sharply with the benchmark, highlighting its struggles despite a generally positive market environment. The company's low debt-to-equity ratio may be a positive aspect, but the overall negative sentiment stemming from poor quarterly results and stagnant growth prospects has contributed to the stock's decline.