Why is Tolins Tyres falling/rising?

As of 18-Aug, Tolins Tyres Ltd is experiencing a decline in its stock price, currently at Rs 144.40, reflecting a decrease of Rs 1.5 or 1.03%. The stock has underperformed its sector by 4.98% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.9% during this period. Despite reaching an intraday high of Rs 150.55, the stock's performance over the past week shows a significant decline of 6.23%, and a 12.03% drop over the past month. The company has a low Debt to Equity ratio and a return on equity (ROE) of 11.9, indicating a potentially attractive valuation; however, flat results in June and a low operating profit margin of 14.97% raise concerns. Additionally, the absence of domestic mutual fund investment may suggest a lack of confidence in the stock's current price.
In the broader market context, while Tolins Tyres has seen a decline, the Sensex has gained 0.83% over the past week and 4.01% year-to-date, indicating that the stock's poor performance is not reflective of the overall market trend. The tyre and allied sector has also gained by 4.04%, further highlighting the stock's underperformance relative to its peers. The significant increase in delivery volume suggests rising investor participation; however, the overall negative sentiment surrounding the company's recent financial results and lack of institutional support may be contributing to the stock's downward trajectory.