Why is Indo Farm Equip. falling/rising?

As of 28-Aug, Indo Farm Equipment Ltd's stock is currently priced at 219.00, reflecting a decline of 10.5, or 4.58%. The stock has underperformed its sector today by 2.61% and has experienced consecutive losses over the past two days, totaling a drop of 5.11%. Additionally, the stock touched an intraday low of Rs 217.9. The stock's performance over the past week shows a decline of 7.42%, while it has gained 7.09% over the past month. However, the long-term fundamentals appear weak, with an average Return on Equity (ROE) of only 4.39% and poor growth rates in net sales and operating profit. Furthermore, institutional investors have reduced their stakes, indicating a lack of confidence in the stock's future performance.
Broader market context reveals that the Sensex has decreased by 2.34% over the past week, which is less than the decline experienced by Indo Farm Equipment Ltd. This suggests that the stock's recent performance is not solely a reflection of broader market trends but may be influenced by company-specific issues. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume indicates falling investor participation, which could further contribute to the downward pressure on the stock price. Overall, the combination of weak fundamentals, declining institutional interest, and poor short-term performance relative to the sector has led to the stock's current downward trajectory.