Why is Raymond falling/rising?

As of 22-Sep, Raymond Ltd's stock price is currently at 619.80, reflecting a decrease of 1.8, or 0.29%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 0.88%. In terms of returns, the stock has shown a slight negative trend over the past week and month, with declines of 0.45% and 0.14%, respectively. Although the stock has outperformed its sector today by 0.42%, it has also experienced a significant drop in profits, with a year-over-year return of -5.86% and a notable decline in net sales over the past five years. Additionally, the stock's valuation appears attractive with a low Price to Book Value, but the negative growth in net sales and falling institutional investor participation may be contributing to the recent price decline.
In the broader market context, the Sensex has shown positive movement, gaining 0.46% over the past week and 1.05% over the past month, contrasting with Raymond's negative returns during the same periods. This divergence indicates that while the overall market is experiencing growth, Raymond is struggling to keep pace, which may be exacerbated by its poor long-term growth prospects and declining institutional interest. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be influenced by concerns over its long-term performance and recent negative financial results.