Why is Raymond falling/rising?

As of 22-Jul, Raymond Ltd's stock price is currently at Rs 722.50, reflecting a decrease of Rs 18.5 or 2.5%. The stock has underperformed its sector today by 2.07% and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 718, which is a decline of 3.1%. Over the past week, the stock has shown a positive return of 3.66%, and despite a significant drop of 63.62% over the past year, it has seen a notable increase of 22.56% in the last month. While the company has a high return on equity (ROE) of 25.73% and strong institutional holdings at 22.49%, its ability to service debt is weak, indicated by a poor EBIT to interest ratio of 1.85. Additionally, the company has reported negative financial results, including a 40.90% fall in net sales and a staggering 1002.82% decline in profit before tax.
In the broader market context, the Sensex has shown a slight decline of 0.47% over the past week, while Raymond's stock has outperformed this benchmark. However, the stock's long-term performance has been concerning, with a 56.87% drop year-to-date compared to a 5.18% increase in the Sensex. The company's poor long-term growth, with net sales declining at an annual rate of 14.25% over the last five years, further exacerbates investor concerns. Despite the recent rise in investor participation, the overall negative financial indicators and the stock's inability to maintain consistent growth contribute to its current downward movement.