Why is Raymond falling/rising?

As of 20-Aug, Raymond Ltd's stock price is currently at Rs 652.10, reflecting a decrease of Rs 1.95 or 0.3%. The stock has underperformed its sector by 0.86% today, following a trend reversal after three consecutive days of gains. Despite reaching an intraday high of Rs 679, the stock is trading below its longer-term moving averages, indicating potential weakness. Over the past week, the stock has shown a positive return of 6.82%, but it has significantly underperformed over the longer term, with a one-year return of -64.85%. Factors contributing to this decline include a substantial drop in net sales and profit, with a recent PAT decrease of 24.2% and a five-year annual net sales growth rate of -13.03%. Additionally, a decrease in institutional investor participation by 3.9% suggests waning confidence among more sophisticated investors.
In the broader market context, while the Sensex has gained 1.64% over the past week, Raymond's performance indicates a stark contrast, highlighting its struggles in comparison to the benchmark. The stock's year-to-date performance is particularly concerning, with a decline of 61.07% against the Sensex's gain of 4.76%. This underperformance in both short and long-term metrics, coupled with negative financial results and falling institutional interest, paints a challenging picture for Raymond Ltd, contributing to its current price decline.