Why is Laxmi Organic falling/rising?

As of 10-Nov, Laxmi Organic Industries Ltd is experiencing a decline in its stock price, currently at Rs 192.05, reflecting a decrease of Rs 2.85 or 1.46%. The stock has underperformed its sector by 1.85% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.74%. Additionally, the stock has shown negative returns over various periods, including a 5.86% drop over the past month and a significant 20.95% decline year-to-date. The company's financial performance has also been troubling, with negative results reported for the last three consecutive quarters, including a 54.6% drop in profit before tax compared to the previous four-quarter average. The low debt-to-equity ratio of 0.05 indicates some financial stability, but the overall poor long-term growth, with operating profit decreasing at an annual rate of 22.58% over the last five years, raises concerns among investors.
In the broader market context, Laxmi Organic's recent performance contrasts sharply with the benchmark, as it has generated a return of -2.51% over the past week while the Sensex has only declined by 0.53%. This consistent underperformance against the benchmark over the last three years, coupled with a decrease in institutional investor participation, suggests a lack of confidence in the stock's future prospects. Institutional investors have reduced their stake by 0.89% in the last quarter, indicating a shift in sentiment that could further pressure the stock price. Overall, the combination of negative financial results, declining investor interest, and poor relative performance against the market contributes to the stock's downward trajectory.