Why is LMW falling/rising?

As of 28-Aug, LMW Ltd's stock price is currently at 14,508.00, reflecting a decrease of 63.75 points or 0.44%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a 6.29% decline over the past week. It has also underperformed in the longer term, with a year-to-date drop of 17.91%. Despite touching an intraday high of Rs 14,916.85, the stock is trading below its moving averages across various time frames, indicating persistent weakness. Additionally, the company has reported negative results for the last six consecutive quarters, with net sales declining by 20.77% and profits falling by 64.3%. This poor financial performance, coupled with a high price-to-book value ratio, suggests that the stock is overvalued compared to its peers, contributing to its recent price decline.
In the broader market context, LMW's short-term performance has been significantly worse than the benchmark Sensex, which has only declined by 2.34% over the same week. The stock's negative returns of 6.29% in the past week and 4.87% in the past month highlight its struggles relative to the market. While there has been a notable increase in investor participation, with delivery volume rising by 708.28%, this has not translated into positive price movement. The overall market sentiment appears to be cautious, particularly given LMW's weak financial indicators and the broader economic environment, which may be impacting investor confidence and leading to the stock's continued decline.