Why is Lak. Fin. & Indl falling/rising?

As of 13-Aug, Lakshmi Finance & Industrial Corporation Ltd is experiencing a decline in its stock price, currently at 206.24, which reflects a decrease of 7.06 points or 3.31%. The stock has underperformed its sector by 4.29% today, and while it is trading above its 5-day and 100-day moving averages, it is below its 20-day, 50-day, and 200-day moving averages. Over the past year, the stock has generated a return of -10.56%, coinciding with a significant drop in profits by 79.7%. The company has also reported negative results for the last three consecutive quarters, with a notable decline in both profit after tax and net sales, contributing to a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 9.63%.
In the broader market context, the stock has shown a slight increase of 0.25% over the past week, while the benchmark Sensex has risen by 0.18%. However, over the longer term, the stock has underperformed significantly, with a year-to-date decline of 12.42% compared to the Sensex's gain of 4.12%. This underperformance, coupled with the company's declining financial metrics and the fact that it is trading at a premium compared to its peers, suggests that investor sentiment is negative, leading to the current downward movement in the stock price.