Why is Sheela Foam falling/rising?

As of 28-Aug, Sheela Foam Ltd. is experiencing a decline in its stock price, currently at Rs 697.05, which represents a decrease of Rs 24.5 or 3.4%. The stock has underperformed its sector by 3.03% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 693, indicating a significant drop of 3.96%. Over the past week, the stock has decreased by 0.81%, while it has shown a modest increase of 5.24% over the past month. However, the stock has faced substantial challenges, with a year-to-date decline of 29.79% and a one-year return of -25.59%. The company's low Debt to Equity ratio of 0.24 and attractive valuation metrics are overshadowed by its poor long-term growth, as evidenced by a consistent decline in profits and negative results over the last eight quarters.
In the broader market context, the Sensex has also faced a decline, with a 2.34% drop over the past week, but it has outperformed Sheela Foam in both the one-month and year-to-date periods. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in operating profits, raises concerns among investors. Despite high institutional holdings at 25.75%, which typically indicate a level of confidence in the company's fundamentals, the persistent negative results and the reliance on non-operating income for profitability suggest a lack of sustainable growth. This combination of factors contributes to the stock's current downward trajectory.