Why is Sikko Industries falling/rising?

As of 24-Jul, Sikko Industries Ltd is experiencing a decline in its stock price, currently at 76.34, reflecting a decrease of 1.47 or 1.89%. The stock has underperformed its sector today by 2.77%, and while it is trading higher than its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a return of -1.28%, and its year-to-date performance is significantly negative at -29.35%. Despite a recent increase in investor participation, with delivery volume rising by 40.47% against the 5-day average, the stock's long-term growth prospects appear poor, as evidenced by a low annual net sales growth rate of 6.56% over the last five years. Additionally, the company reported a significant drop in profit after tax for the most recent quarter, which has likely contributed to the negative sentiment surrounding the stock.
In the broader market context, Sikko Industries has underperformed compared to the benchmark, with the BSE500 generating a return of 0.99% over the past year, while Sikko's return stands at -26.35%. This stark contrast highlights the challenges the company faces in attracting investor confidence. Although institutional investors have increased their stake by 4.13% in the previous quarter, indicating some level of confidence in the company's fundamentals, the overall market sentiment remains cautious due to the company's flat results and poor long-term growth indicators.