Why is Lorenzini Appar. falling/rising?

As of 22-Sep, Lorenzini Apparels Ltd is experiencing a decline in its stock price, currently at 11.53, reflecting a decrease of 0.35 or 2.95%. The stock has underperformed its sector by 2.24% today, marking a trend reversal after four consecutive days of gains. Despite a positive performance over the past week and month, with returns of 2.22% and 4.82% respectively, the stock has significantly underperformed on a year-to-date basis, down 36.33%. The company's recent financial results have raised concerns, particularly with a 48.4% drop in PAT and the lowest net sales recorded at Rs 9.19 crore. Additionally, the stock's high price-to-book value ratio of 4.2 suggests it may be overvalued compared to its peers, contributing to the downward pressure on its price.
In the broader market context, while the BSE500 index has shown a slight decline of 3.80% over the past year, Lorenzini Apparels Ltd's performance has been markedly worse, with a staggering drop of 66.04%. This stark contrast highlights the stock's significant underperformance relative to the market. The falling investor participation, indicated by a decrease in delivery volume, further exacerbates the situation, suggesting a lack of confidence among investors. Despite the company's high management efficiency and low debt-to-equity ratio, the negative financial results and expensive valuation are likely driving the stock's current decline.