Why is Lux Industries falling/rising?

As of 15-Sep, Lux Industries Ltd is experiencing a decline in its stock price, currently at 1,309.60, reflecting a decrease of 7.0 points or 0.53%. The stock has underperformed its sector by 0.83% today and has been on a downward trend for the last two days, accumulating a total decline of 1.14%. In terms of returns, while the stock has shown a slight increase of 1.68% over the past week and 1.67% over the past month, it has significantly underperformed over the longer term, with a year-to-date decline of 34.78% and a staggering 43.14% drop over the past year. The company also faces challenges such as a low debt-to-equity ratio and poor long-term growth, with operating profit declining at an annual rate of 0.96% over the last five years. Additionally, negative quarterly results, including a 30.6% fall in PAT and the lowest debtor turnover ratio, contribute to the stock's negative sentiment.
In the broader market context, the Sensex has shown a positive return of 4.67% year-to-date, contrasting sharply with Lux Industries' significant decline. While the stock has outperformed the benchmark in the short term, its long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The low participation from domestic mutual funds, holding only 0.32% of the company, suggests a lack of confidence in the stock's valuation, which is perceived as expensive compared to its peers. This combination of poor performance metrics and lack of investor interest indicates a challenging environment for Lux Industries, contributing to its current price decline.