Why is Orient Electric falling/rising?

As of 05-Sep, Orient Electric Ltd. is experiencing a decline in its stock price, currently at Rs 206.10, which reflects a decrease of Rs 9.9 or 4.58%. The stock has underperformed its sector by 4.57% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 205, indicating a significant drop of 5.09%. Over the past week, the stock has decreased by 3.67%, and its year-to-date performance shows a decline of 11.18%. Despite a high return on equity (ROE) of 16.82% and a low debt-to-equity ratio of 0.01, the company has faced challenges, including a flat performance in its latest quarterly results, which has contributed to its negative sentiment among investors.
In the broader market context, the Sensex has shown a positive return of 1.13% over the past week, contrasting with Orient Electric's decline. This consistent underperformance against the benchmark over the last three years, alongside a significant drop in profits in the latest quarter, has likely influenced investor sentiment negatively. Although the company has high institutional holdings at 35.05%, which typically indicates confidence in the stock, the overall poor long-term growth prospects and recent financial results have overshadowed these positive factors, leading to the current downward trend in the stock price.