Why is Multibase India falling/rising?

As of 24-Sep, Multibase India Ltd is experiencing a decline in its stock price, currently at 244.40, which reflects a decrease of 1.4 or 0.57%. The stock has underperformed its sector by 1.87% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 4.34%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Financial performance indicators show a significant drop in profit before tax (PBT), profit after tax (PAT), and net sales compared to previous quarters, contributing to a perception of the stock as a strong sell. Despite a high dividend yield of 21.7%, the stock's valuation remains expensive, with a price-to-book value of 3.9, which may deter potential investors.
In the broader market context, Multibase India has underperformed the benchmark Sensex over various time frames, including a 1-week return of -1.35% compared to the Sensex's -1.18%, and a year-to-date return of -27.81% against the Sensex's positive 4.58%. This underperformance is indicative of broader market challenges and investor sentiment that may be affecting the stock's appeal. While there has been a notable increase in delivery volume, suggesting some rising investor participation, the overall trend remains negative, reflecting a lack of confidence in the company's short-term prospects amidst declining financial metrics.