Why is Raymond falling/rising?

As of 21-Aug, Raymond Ltd's stock price is currently at 633.75, reflecting a decline of 18.35 points or 2.81%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 3.1%. It touched an intraday low of Rs 629.35 today. Over the past week, the stock has shown a modest gain of 3.57%, but it has significantly underperformed over the longer term, with a staggering decline of 66.63% over the past year. The company's financial health is concerning, as it has reported a 29.8% decrease in profits over the last year, alongside a negative growth rate in net sales of -13.03% over the past five years. Additionally, institutional investors have reduced their stake by 3.9%, indicating a lack of confidence in the stock's future performance.
In the broader market context, while the Sensex has gained 1.74% over the past week, Raymond's performance has been notably weaker, highlighting its struggles against the benchmark. The stock's long-term performance is also troubling, with a 62.17% decline year-to-date compared to a 4.94% increase in the Sensex. This underperformance, coupled with negative financial results and falling institutional interest, suggests a challenging environment for Raymond Ltd, contributing to its current price decline.