Why is Man Industries falling/rising?

As of 25-Aug, Man Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 395.00, which reflects a decrease of Rs 10.5 or 2.59%. The stock has been underperforming, having fallen for the last three days with a total decline of 4.37%. Today's performance indicates that it has underperformed its sector by 2.89%. The stock's returns over the past week show a slight increase of 0.38%, but over the past month, it has decreased by 6.99%. Additionally, the company has reported a significant drop in key financial metrics, including a 27.9% decline in profit after tax compared to the previous quarter's average and a 15.3% decrease in net sales. Despite a low debt-to-equity ratio of 0.08, the company's long-term growth prospects appear poor, contributing to the stock's negative movement.
In the broader market context, the Sensex has shown a slight increase of 0.45% over the past week, indicating that the overall market is performing better than Man Industries. While the stock has generated a year-to-date return of 20.72%, it has underperformed over the past year with a decline of 10.50%. The company's valuation remains high with a price-to-book ratio of 1.7, which is considered expensive compared to its peers. This, combined with falling investor participation and liquidity issues, suggests that the stock's recent performance is being negatively impacted by both company-specific challenges and broader market dynamics.