Why is Multibase India falling/rising?

As of 12-Sep, Multibase India Ltd's stock price is currently at 247.50, reflecting a decrease of 1.5, or 0.6%. The stock has underperformed its sector by 1.24% today, with an intraday low of Rs 243, marking a decline of 2.41%. Over the past week, the stock has seen a return of -0.88%, while it has gained 0.90% over the past month. However, the stock has experienced significant declines year-to-date at -26.89% and over the past year at -16.64%. The company's recent financial performance has also been disappointing, with a notable drop in profit before tax (PBT), profit after tax (PAT), and net sales compared to previous quarters. Despite a high dividend yield of 21.29%, the stock is considered to have an expensive valuation with a price-to-book ratio of 2.3, contributing to its negative sentiment.
In the broader market context, the Sensex has performed positively, gaining 1.48% over the past week and 2.08% over the past month, contrasting with Multibase's negative returns. This underperformance against the benchmark indicates a lack of investor confidence in the stock, especially as it has consistently lagged behind both the BSE500 and its peers over various time frames. The rising investor participation, indicated by an increase in delivery volume, suggests some interest, but it has not been enough to offset the stock's overall decline. The combination of poor financial results, high valuation concerns, and underperformance relative to the market contributes to the stock's current downward trajectory.