Why is Lux Industries falling/rising?

As of 28-Aug, Lux Industries Ltd is currently priced at 1,280.70, reflecting a decrease of 16.3 points or 1.26%. The stock has been underperforming, having fallen consecutively over the last two days with a total decline of 1.97%. In the past week, the stock has decreased by 3.34%, and over the past month, it has dropped by 7.20%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The company has reported a low debt-to-equity ratio of 0.06, which is a positive aspect; however, poor long-term growth is evident as operating profit has declined at an annual rate of 0.96% over the last five years. The recent financial results show a significant drop in profit after tax and other key performance indicators, contributing to the stock's negative sentiment.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a year-to-date decline of 36.22% compared to a 2.48% increase in the Sensex. This underperformance is further highlighted by the fact that domestic mutual funds hold only a minimal stake of 0.32% in the company, suggesting a lack of confidence in its valuation. The stock's returns have consistently lagged behind the BSE500 over various time frames, including the last three years and one year, indicating a broader trend of investor skepticism. Overall, the combination of poor financial performance, declining investor participation, and significant underperformance relative to the market has led to the stock's current downward trajectory.