Why is Raymond falling/rising?

As of 22-Aug, Raymond Ltd's stock price is currently at 620.70, reflecting a decrease of 13.05 points or 2.06%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.1% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past month, the stock has seen a significant decline of 14.09%, while its year-to-date performance shows a staggering drop of 62.94%. Despite a high return on equity of 24.90% and a favorable price-to-book value ratio, the stock's profits have decreased by 29.8% over the past year, contributing to its negative performance. Furthermore, institutional investors have reduced their stake by 3.9%, which may signal a lack of confidence in the company's future growth prospects.
In the broader market context, Raymond's short-term performance of +1.44% over the past week contrasts with the Sensex's gain of 0.88%, indicating a relative strength in the short term. However, the stock's long-term performance is concerning, with a 69.35% decline over the past year compared to the Sensex's modest increase of 0.31%. This underperformance is compounded by poor sales growth of -13.03% annually over the last five years and disappointing quarterly results, which have led to a lack of investor confidence. Overall, the combination of declining sales, reduced institutional interest, and poor long-term growth prospects has contributed to the stock's recent downward movement.