Why is Neuland Labs. falling/rising?

As of 22-Jul, Neuland Laboratories Ltd's stock price is currently at Rs 13,850.00, reflecting a decrease of Rs 329.65 or 2.32%. The stock has underperformed its sector today by 1.41%, reaching an intraday low of Rs 13,811.10, which is a decline of 2.6%. Over the past week, the stock has seen a significant drop of 9.47%, while it has managed to generate a positive return of 12.65% over the last month. Despite a strong historical performance with a 73.56% increase over the past year, the company has faced challenges, including a 17.5% decline in net sales and negative results for the last three consecutive quarters. The low Debt to EBITDA ratio of 0.57 times and high institutional holdings at 33.66% indicate some financial stability, but the recent negative performance metrics have raised concerns among investors.
In the broader market context, the Sensex has only decreased by 0.47% over the past week, indicating that Neuland Laboratories Ltd's decline is more pronounced than the overall market trend. While the stock has outperformed the benchmark over longer periods, its recent performance suggests a divergence from this trend, particularly in light of the significant drop in sales and profitability. The stock's valuation appears expensive with a Price to Book Value of 11.7, further complicating its appeal to investors amid falling profits. Overall, the combination of negative financial results and underperformance relative to both its sector and the broader market has contributed to the stock's current decline.