Why is Stovec Inds. falling/rising?

As of 24-Sep, Stovec Industries Ltd is experiencing a decline in its stock price, currently at 2,227.60, reflecting a decrease of 5.65 or 0.25%. The stock has been underperforming, with a consecutive fall over the last four days resulting in a total decline of 2.08%. In terms of returns, Stovec has shown a negative performance of 1.56% over the past week and a significant drop of 26.96% year-to-date, contrasting sharply with the Sensex, which has gained 4.58% in the same period. The company has reported negative results for the last three consecutive quarters, with a notable decline in operating profit and a high reliance on non-operating income, which has contributed to its poor long-term growth outlook.
Broader market context indicates that Stovec's recent performance is not isolated, as it has consistently underperformed against the benchmark over the last three years, with a return of -33.35% in the past year compared to the Sensex's -3.77%. Despite a slight increase in investor participation, as evidenced by a 42.4% rise in delivery volume, the stock remains below its moving averages across various time frames, indicating a bearish trend. The company's high valuation relative to its peers, coupled with a low return on equity and a negative growth trajectory, further exacerbates investor concerns, leading to the stock's continued decline.