Why is Raymond falling/rising?

As of 28-Jul, Raymond Ltd's stock price is currently at Rs 685.30, reflecting a decrease of Rs 15.9 or 2.27%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.75% during this period. In the past week, the stock has dropped by 7.52%, while over the last month, it has shown a positive return of 9.80%. However, the stock's year-to-date performance is notably poor, with a decline of 59.09%. Key negative factors impacting the stock include weak debt servicing capabilities, as indicated by a poor EBIT to Interest ratio of 1.85, and a significant drop in net sales and profitability over the past year. Despite a high return on equity of 25.73% and attractive valuation metrics, the overall long-term growth outlook remains bleak, contributing to the stock's recent downward movement.
In the broader market context, Raymond Ltd has underperformed compared to the Sensex, which has seen a decline of only 1.59% over the past week. The stock's recent performance is further compounded by falling participation from institutional investors, who have reduced their stake by 3.9% in the previous quarter. This lack of confidence from institutional players, combined with the company's poor financial results and declining sales, has likely contributed to the stock's negative trajectory. Overall, while there are some positive indicators regarding management efficiency and valuation, the prevailing negative sentiment and financial struggles are driving the stock lower in the current market environment.