Why is Taylormade Renew falling/rising?

As of 06-Oct, Taylormade Renewables Ltd is experiencing a decline in its stock price, currently at Rs 172.55, which represents a decrease of Rs 11.7 or 6.35%. The stock has recently hit a new 52-week low of Rs 165.85 and has been underperforming its sector by 6.72%. Over the past week, the stock has fallen by 8.05%, and its year-to-date performance shows a significant decline of 47.55%. The stock has been highly volatile, with an intraday volatility of 5.4%, and it is trading below its moving averages across various time frames. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 20.74% against the five-day average. While the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, recent financial results indicate a sharp decline in profit after tax and earnings per share, contributing to the stock's negative momentum.
In the broader market context, Taylormade Renewables has significantly underperformed compared to the benchmark, with a one-year return of -64.95% against the BSE500's -1.93%. This stark contrast highlights the stock's struggles relative to the overall market, particularly in the short term, where it has consistently lost value while the benchmark has remained relatively stable. The company's flat results and high valuation metrics, such as a price-to-book value of 2.3, further exacerbate investor concerns, leading to a lack of confidence in the stock's recovery prospects.