Why is Lloyds Engineeri falling/rising?

As of 24-Sep, Lloyds Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 60.53, which reflects a decrease of Rs 1.85 or 2.97%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 6.88% over that period. Today's trading saw the stock touch an intraday low of Rs 60.3, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 15.57% compared to the 5-day average. While the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, recent flat results and a high valuation relative to peers have contributed to negative sentiment around the stock.
In the broader market context, Lloyds Engineering Works Ltd has underperformed the Sensex, which has only declined by 1.18% over the past week, while the stock has dropped 6.88%. This significant disparity indicates a lack of confidence in the stock compared to the overall market. The company's recent financial results have shown flat performance, with key metrics at their lowest levels, leading to concerns about its valuation and growth prospects. Furthermore, the minimal stake held by domestic mutual funds suggests a lack of confidence in the stock's current price, which may be influencing its downward trajectory.