Why is Taylormade Renew falling/rising?

As of 26-Sep, Taylormade Renewables Ltd is experiencing a decline in its stock price, currently at Rs 196.70, which reflects a decrease of Rs 5.65 or 2.79%. The stock has underperformed its sector by 1.25% today and has been on a downward trend for the last two days, accumulating a total loss of 6.27%. It reached an intraday low of Rs 187.25, indicating a significant drop of 7.46%. Additionally, the stock is trading below all its moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 35.86% compared to the five-day average. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the company has reported a decline in profit after tax and earnings per share, contributing to its negative performance.
In the broader market context, Taylormade Renew's recent performance has been worse than the benchmark, with a one-week return of -3.70% compared to the Sensex's -2.66%. Over the past year, the stock has significantly underperformed, showing a return of -52.21% against the market's -6.30%. This stark contrast highlights the stock's struggles despite the overall market experiencing negative returns. The company's flat results in June and the expensive valuation further exacerbate investor concerns, leading to its current downward trajectory.