Why is Raymond falling/rising?

As of 11-Nov, Raymond Ltd's stock price is currently at Rs 547.10, reflecting a decrease of Rs 5.15, or 0.93%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 4.91% during this period. Additionally, it has underperformed its sector by 1.75% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, Raymond has generated a return of -1.56%, while its profits have decreased by 23.8%. The company has also reported negative results for the last three consecutive quarters, contributing to a poor long-term growth outlook, with net sales declining at an annual rate of 12.30% over the last five years.
In the broader market context, the Sensex has shown a positive return of 0.49% over the past week, contrasting sharply with Raymond's decline of 4.34% during the same period. This underperformance highlights the stock's struggles relative to the market. Furthermore, institutional investors have reduced their stake in the company by 1.45%, indicating a lack of confidence in its future prospects. The combination of falling investor participation, poor financial results, and a declining trend in stock performance suggests that Raymond is facing significant challenges that are contributing to its current price decline.