Why is Lakshmi Engg. falling/rising?

As of 23-Sep, Lakshmi Engineering & Warehousing Ltd is experiencing a decline in its stock price, currently at Rs 2,219.00, reflecting a decrease of Rs 58.4 or 2.56%. Today's price summary indicates that the stock opened with a gain of 3.18% but subsequently fell, reaching an intraday low of Rs 2,212. The stock has underperformed its sector by 3.4% today and is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has shown poor performance over the past week and month, with returns of -6.17% and -7.08%, respectively. The company's low debt-to-equity ratio of 0.06 suggests financial stability; however, its long-term growth is hindered by a significant decline in operating profit and a very expensive valuation compared to peers, contributing to the stock's recent downward movement.
In the broader market context, while the Sensex has shown a slight decline of 0.34% over the past week, Lakshmi Engineering's performance has been notably worse, with a drop of 6.17%. Over the past year, the stock has generated a return of -19.03%, significantly underperforming the market, which has seen a decline of only 4.69%. This stark contrast highlights the challenges faced by Lakshmi Engineering, particularly in light of its flat results and declining profits, which have fallen by 52.4% over the past year. The combination of these factors has led to decreased investor participation and a lack of confidence in the stock's future performance.