Why is Minda Corp falling/rising?

As of 07-Aug, Minda Corporation Ltd is experiencing a decline in its stock price, currently at Rs 461.90, which reflects a decrease of Rs 13.3 or 2.8%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.88% during this period. It is also trading close to its 52-week low, just 1.59% away from Rs 454.55. Furthermore, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite a strong ability to service debt and healthy long-term growth in net sales and operating profit, the recent quarterly performance has shown a significant drop in profit after tax, which may be contributing to negative sentiment among investors.
In the broader market context, Minda Corporation's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.69% over the past week compared to Minda's 7.06% drop. This stark contrast highlights the stock's relative weakness in the market. Additionally, while institutional holdings are high at 27%, indicating some level of confidence from larger investors, the recent financial metrics, including a low return on capital employed and a substantial decrease in quarterly profit, suggest that investors are cautious. Overall, the combination of poor recent performance, negative quarterly results, and underperformance relative to the benchmark are likely driving the stock's decline.