Why is Mazda falling/rising?

As of 17-Jul, Mazda Ltd's stock price is currently at 301.75, reflecting a decrease of 0.15, or 0.05%. Today's price summary indicates that the stock has underperformed its sector by 0.49% and has experienced a trend reversal after two consecutive days of gains. The stock's delivery volume has also fallen by 20.12% compared to the 5-day average, suggesting a decline in investor participation. While the stock has shown consistent returns over the last three years, generating a 3.88% return in the past year, it faces challenges such as poor long-term growth, with net sales growing at an annual rate of only 1.49% over the last five years. Additionally, the company has reported negative results in its latest quarter, with significant declines in profit before tax and net sales, which may contribute to the current downward movement.
In the broader market context, Mazda's short-term performance over the past week shows a decline of 1.50%, which is worse than the Sensex's decrease of 1.12%. This underperformance relative to the benchmark may signal investor concerns about the company's growth prospects and valuation, especially given that domestic mutual funds hold no stake in the company, indicating a lack of confidence in its current price or business outlook. The stock's relatively high price-to-book value compared to its peers further emphasizes its expensive valuation, which, combined with falling profits, may deter potential investors and contribute to the stock's recent decline.