Why is Raymond falling/rising?

As of 24-Sep, Raymond Ltd's stock price is currently at 619.45, reflecting a decrease of 4.9 points or 0.78%. The stock has underperformed its sector by 0.35% today, and while it is trading higher than its 20-day and 200-day moving averages, it is lower than the 5-day, 50-day, and 100-day moving averages. Over the past week, the stock has seen a slight decline of 0.15%, and over the past month, it has decreased by 0.20%. Despite a year-to-date increase of 3.91%, the stock has faced a significant drop of 5.97% over the past year, coinciding with a 29.8% decline in profits. The company's high management efficiency, indicated by a return on equity (ROE) of 24.90%, and an attractive valuation with a price-to-book ratio of 1.1 suggest potential for recovery, but the recent negative performance and falling profits may be contributing to the current price decline.
In the broader market context, the Sensex has experienced a decline of 1.18% over the past week, indicating that the market sentiment is generally negative. However, Raymond's performance has been slightly better than the benchmark in this timeframe. The stock's year-to-date performance of 3.91% lags behind the Sensex's 4.58%, suggesting that while the stock has shown resilience over a longer period, it is currently facing challenges that are reflected in its recent price movement. The rising investor participation, with a significant increase in delivery volume, indicates some level of interest, but the overall market conditions and the stock's recent underperformance may be leading to the current downward trend.