Why is Lakshmi Engg. falling/rising?

As of 04-Jul, Lakshmi Engineering & Warehousing Ltd's stock price is currently at 2,331.25, reflecting an increase of 6.25 or 0.27%. The stock has shown a trend reversal today, gaining after four consecutive days of decline, and opened with a significant gain of 4.04%. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -15.13% compared to the Sensex's -0.74%. Over the past year, the stock has generated a return of -16.60%, while its profits have decreased by 59.5%, indicating poor long-term growth. The company has a low Debt to Equity ratio, but its valuation appears expensive with a Price to Book Value of 7.2, which may deter some investors.
In the broader market context, while the stock has outperformed its sector by 0.42% today, it has significantly lagged behind the benchmark indices over the past year, with the BSE500 generating returns of 2.13%. The stock's recent price movement is also impacted by falling investor participation, as evidenced by a 65.53% decline in delivery volume compared to the 5-day average. Although the stock is liquid enough for trading, the overall sentiment remains cautious due to its historical underperformance and the flat results reported in March 2025, which contribute to a negative outlook among investors.