Why is Relaxo Footwear falling/rising?

As of 11-Sep, Relaxo Footwears Ltd is experiencing a slight decline in its stock price, currently at 494.10, reflecting a decrease of 0.05 or 0.01%. The stock has been losing value for the last two days, with a total return of -0.1% during this period. Despite a positive return of 13.25% over the last month, the stock has significantly underperformed over the longer term, with a year-to-date decline of 20.47% and a staggering 40.90% drop over the past year. The company has reported negative results for the last five consecutive quarters, with key financial metrics such as operating profit and net sales reaching their lowest points. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, the stock's short-term performance is notably weaker than the benchmark, as the Sensex has gained 1.03% over the past week while Relaxo Footwears has declined by 0.91%. This consistent underperformance against the benchmark over the last three years, coupled with a decrease in institutional investor participation, suggests a lack of confidence in the company's future prospects. The company's low debt-to-equity ratio and liquidity position may not be sufficient to offset the negative sentiment stemming from its poor long-term growth and declining profitability, further contributing to the stock's downward trend.