Why is Rane (Madras) falling/rising?

As of 01-Sep, Rane (Madras) Ltd's stock price is currently at 832.75, reflecting a decrease of 15.25, or 1.8%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 6.36% during this period. Today's performance indicates that the stock has underperformed its sector by 4.53%. Additionally, the stock's returns over the past week show a decline of 5.58%, while it has experienced a significant drop of 32.30% over the past year. Despite some positive long-term growth indicators, such as a healthy operating profit growth rate of 31.52% and strong operating cash flow, the stock's profits have fallen by 78.8% over the past year, contributing to its recent downward movement.
In the broader market context, the Sensex has declined by 1.56% over the past week, which is less than the stock's decline, indicating that Rane (Madras) is underperforming relative to the market. The auto ancillary sector has seen a gain of 2.79%, contrasting sharply with Rane's performance. The stock's liquidity has also been affected, with a significant drop in delivery volume, suggesting reduced investor participation. While the stock is trading at a discount compared to its peers, the combination of falling profits and negative short-term performance has led to a bearish sentiment among investors.