Why is Lux Industries falling/rising?

As of 04-Nov, Lux Industries Ltd is experiencing a decline in its stock price, currently at 1,248.35, which reflects a decrease of 21.0 points or 1.65%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -3.09% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -34.13%, significantly underperforming the Sensex, which has increased by 5.94%. The company's low debt-to-equity ratio and a fair valuation with a Price to Book Value of 2.2 are overshadowed by its poor long-term growth prospects, as indicated by a negative annual operating profit growth rate of -0.96% over the last five years.
In the broader market context, Lux Industries' short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.36% compared to the Sensex's -1.38%. This underperformance is compounded by the stock's significant decline year-to-date at -37.83%, while the Sensex has gained 6.81%. The company's recent negative financial results, including a substantial drop in PAT and the lowest debtors turnover ratio, suggest a lack of investor confidence, further reflected in the minimal stake held by domestic mutual funds. Overall, the combination of poor recent performance, negative growth indicators, and a lack of investor interest contributes to the stock's downward trajectory.