Why is Raymond falling/rising?

As of 07-Jul, Raymond Ltd's stock price is currently at 702.85, reflecting a decrease of 13.05 points or 1.82%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.29% during this period. Additionally, the stock's performance over the past week shows a decrease of 0.84%, while it has experienced a significant drop of 78.22% over the past year. Despite a high return on equity (ROE) of 25.73% and a favorable price-to-book ratio, the company's weak ability to service its debt, indicated by a poor EBIT to interest ratio of 1.85, has negatively impacted investor sentiment. Furthermore, the company's net sales have declined significantly, and recent quarterly results showed a drastic fall in profits, contributing to the stock's downward trend.
In the broader market context, the Sensex has only decreased by 0.20% over the past week, indicating that Raymond Ltd's short-term performance is lagging behind the benchmark. While the stock has shown a positive return of 13.64% over the past month, its year-to-date performance remains concerning with a decline of 58.04%. The falling investor participation, with a 72.74% drop in delivery volume compared to the five-day average, suggests a lack of confidence among traders. Overall, the combination of poor recent financial results, weak sales growth, and declining investor interest has led to the stock's current downward trajectory.