Why is Raymond falling/rising?

As of 16-Sep, Raymond Ltd's stock price is currently at 628.60, reflecting an increase of 6.0 (0.96%). The stock has shown a positive trend recently, gaining 2.3% over the last two days, although it underperformed its sector by 0.42% today. In terms of returns, the stock has outperformed the Sensex over the past week and month, with gains of 2.74% and 2.73%, respectively. However, the stock's performance over the past year has been negative, with a decline of 4.47%, coinciding with a significant drop in profits of 29.8%. Despite a high return on equity (ROE) of 24.90% and an attractive valuation with a price-to-book ratio of 1.1, the company has faced challenges such as a long-term decline in net sales and a decrease in institutional investor participation.
Broader market context indicates that while Raymond Ltd has performed better than the benchmark in the short term, the overall sentiment may be tempered by its poor long-term growth prospects and recent negative financial results. The stock's liquidity appears adequate for trading, but the decrease in institutional stakes suggests a cautious outlook from more sophisticated investors. This combination of factors, including strong short-term performance against the benchmark but concerning long-term growth indicators, contributes to the mixed sentiment surrounding the stock's price movement.