Why is Raymond falling/rising?

As of 17-Jul, Raymond Ltd's stock price is currently at Rs 696.55, reflecting a decrease of Rs 12.55 or 1.77%. Today's performance indicates that the stock has underperformed its sector by 2.05% and has experienced a trend reversal after two consecutive days of gains. The stock touched an intraday low of Rs 694.7, and while it is trading above the 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest increase of 0.49%, but it has significantly underperformed over the past year with a return of -69.93%. Despite a high return on equity (ROE) of 25.73% and attractive valuation metrics, the company's weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 1.85, along with declining net sales and operating profit over the last five years, contribute to the stock's downward movement.
In the broader market context, Raymond's short-term return of 0.49% over the past week contrasts with the Sensex, which has decreased by 1.12% during the same period. However, the stock's year-to-date performance is notably poor, with a decline of 58.42% compared to a 5.27% increase in the Sensex. This underperformance is compounded by the company's negative financial results, including a significant drop in net sales and profits in recent quarters. While high institutional holdings at 22.49% may provide some stability, the overall outlook remains bleak due to the company's inability to generate sustainable growth and profitability, leading to a continued decline in stock price.