Why is Relaxo Footwear falling/rising?

As of 05-Sep, Relaxo Footwears Ltd is currently priced at 497.20, reflecting a decrease of 1.45 (-0.29%). The stock has been experiencing a decline, having lost 1.11% over the last two days. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of +3.83% and +14.04%, respectively. However, the company has faced significant challenges, including a poor long-term growth outlook with an annual operating profit decline of -2.14% over the last five years and negative results for the last five consecutive quarters. Additionally, the stock is trading at a premium compared to its peers, with a Price to Book Value of 5.9, and has seen a decrease in institutional investor participation, which may contribute to its recent price movement.
In the broader market context, while Relaxo Footwear has outperformed the Sensex in the short term, with a 3.83% gain over the past week compared to the index's 1.13%, its long-term performance has been concerning. The stock has underperformed the benchmark significantly over the past year, with a return of -39.54% compared to the Sensex's -1.81%. This consistent underperformance, combined with declining institutional interest and negative financial results, suggests that investor sentiment may be shifting negatively, impacting the stock's price trajectory.