Why is Lux Industries falling/rising?

As of 01-Sep, Lux Industries Ltd is currently priced at 1,277.50, reflecting a slight increase of 2.5 (0.2%). Despite this uptick, the stock has shown poor performance over the past week and month, with declines of 2.22% and 6.27%, respectively. The stock has underperformed its sector by 0.84% today and has been trading below its moving averages across various time frames. Additionally, the company has a low Debt to Equity ratio of 0.06 times, but it has faced significant challenges, including a decline in operating profit and negative results in its latest quarterly report, which have contributed to a poor long-term growth outlook. The stock's return over the past year stands at a staggering -46.19%, indicating substantial underperformance compared to its peers.
In the broader market context, while the Sensex has shown a slight increase of 2.85% year-to-date, Lux Industries has significantly lagged behind with a year-to-date decline of 36.38%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, the stock has underperformed the BSE500 over the last three years, one year, and three months, suggesting a lack of investor confidence. The limited stake held by domestic mutual funds, at only 0.32%, may indicate their discomfort with the stock's current valuation and business prospects, further contributing to its downward pressure in the market.