Why is SKF India falling/rising?

As of 14-Aug, SKF India Ltd. is experiencing a decline in its stock price, currently at 4,435.30, reflecting a decrease of 78.15 points or 1.73%. The stock has underperformed its sector by 0.49% today and has shown a trend reversal after two consecutive days of gains. Over the past week, the stock has decreased by 3.11%, and it has also underperformed on a monthly basis with an 8.27% decline. Despite having a high management efficiency indicated by a return on equity (ROE) of 21.42% and a low debt-to-equity ratio, the stock's performance has been hindered by falling investor participation, as evidenced by a significant drop in delivery volume.
In the broader market context, SKF India's short-term performance has been notably weaker than the benchmark, with the Sensex showing only a slight decline of 0.03% over the same week. The stock's year-to-date performance is also lagging behind the Sensex, which has gained 3.15%, while SKF India has seen a minor decline of 1.17%. The overall market sentiment appears to be affecting SKF India's stock negatively, as indicated by the lower trading volumes and the stock's position relative to its moving averages. This combination of factors suggests that while institutional holdings are strong, the current market dynamics are leading to a downward pressure on the stock price.