Why is Nocil falling/rising?

As of 14-Aug, Nocil Ltd. is currently priced at 174.35, reflecting a decline of 1.45, or 0.82%. The stock has underperformed its sector by 0.87% today, with its delivery volume significantly decreasing by 45.91% compared to the 5-day average. Over the past week, Nocil has shown a slight increase of 0.09%, but it has experienced a substantial drop of 6.99% over the past month and a staggering 28.46% year-to-date. The company has reported negative results for the last three consecutive quarters, with operating profit declining at an annual rate of 5.20% over the past five years. Additionally, the stock's return of -37.46% over the past year, coupled with a high Price to Book Value ratio of 1.7, indicates a very expensive valuation compared to its peers, contributing to its recent price movement.
In the broader market context, Nocil's performance has been notably weaker than the benchmark, with the Sensex showing a slight decline of only 0.03% over the past week and a positive return of 3.15% year-to-date. The stock has consistently underperformed against the benchmark over the last three years, which has likely influenced investor sentiment negatively. Furthermore, the decrease in institutional investor participation, with a reduction of 1.63% in their stake, suggests a lack of confidence in the company's fundamentals, further exacerbating the stock's decline. Overall, the combination of poor financial performance, high valuation, and falling investor interest has led to the stock's downward movement.