Why is Inox India falling/rising?

As of 01-Aug, Inox India Ltd's stock price is currently at Rs 1,139.90, reflecting a decrease of Rs 26.1 or 2.24%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.47% during this period. Additionally, the stock's performance over the past week shows a decline of 5.67%, while it has decreased by 8.18% over the past month. Despite these short-term challenges, the company has demonstrated strong management efficiency with a high return on equity (ROE) of 27.72% and a low debt-to-equity ratio, which may provide some support for the stock. Furthermore, institutional investors have increased their stake, indicating a level of confidence in the company's fundamentals.
Broader Market Context: In comparison to the benchmark Sensex, which has decreased by 1.06% over the past week, Inox India Ltd's performance has been significantly worse. The stock's recent underperformance is evident as it has fallen more sharply than the broader market, suggesting that investor sentiment may be more negative towards Inox India specifically. While the year-to-date performance shows a slight gain of 3.03% for the stock compared to the Sensex's 3.15%, the recent trends indicate a concerning downward trajectory that could be influencing investor decisions.