Why is Raymond falling/rising?

As of 07-Aug, Raymond Ltd's stock price is currently at Rs 631.60, reflecting a decrease of Rs 10.4 or 1.62%. The stock has underperformed its sector by 0.27% today, having touched an intraday low of Rs 620, which represents a decline of 3.43%. Over the past week, the stock has seen a significant drop of 5.58%, and its performance over the last month shows a decline of 10.14%. Additionally, Raymond is trading below all its moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 23.42% against the 5-day average, the overall returns for the stock remain negative, with a year-to-date decline of 62.29% and a one-year drop of 67.28%.
In the broader market context, the Sensex has only decreased by 0.69% over the past week and has gained 3.18% year-to-date, suggesting that Raymond's performance is significantly lagging behind the benchmark. The stock's substantial underperformance compared to the Sensex over various periods, including a 34.89% decline over three years versus a 38.08% gain for the benchmark, highlights the challenges faced by Raymond Ltd in the current market environment. This stark contrast indicates that while the overall market may be recovering, Raymond is struggling, which is likely contributing to the downward pressure on its stock price.