Why is Lux Industries falling/rising?

As of 11-Nov, Lux Industries Ltd is experiencing a decline in its stock price, currently at Rs. 1,179.00, which reflects a decrease of Rs. 11.55 or 0.97%. The stock has recently hit a new 52-week low of Rs. 1,175 and has underperformed its sector by 1.79%. Over the past week, the stock has fallen by 5.80%, and its year-to-date performance shows a significant decline of 41.29%. Additionally, the company has reported negative results for the last two consecutive quarters, with a notable drop in profits and operating cash flow, contributing to a poor long-term growth outlook. Despite a low debt-to-equity ratio and attractive valuation metrics, the stock's performance has been hindered by a substantial decline in profits and a lack of confidence from domestic mutual funds, which hold only a minimal stake in the company.
In the broader market context, while the Sensex has shown a slight increase of 0.49% over the past week, Lux Industries' performance has sharply contrasted with this upward trend. The stock has consistently underperformed against the benchmark indices, with a staggering decline of 38.27% over the past year compared to the Sensex's 5.50% gain. This disparity highlights the challenges Lux Industries faces in regaining investor confidence and improving its market position, especially given its recent poor financial results and the overall market's relative stability.