Why is Tube Investments falling/rising?

As of 02-Sep, Tube Investments of India Ltd is experiencing a decline in its stock price, currently at Rs 3,056.00, which reflects a decrease of Rs 85.4 or 2.72%. The stock has underperformed its sector by 2.91% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 3,038.35, indicating a drop of 3.28%. Over the past week, the stock has shown a slight increase of 0.36%, but it has significantly underperformed over the year with a return of -25.51%. While the company has strong long-term fundamentals, including low debt and high profitability, recent negative results, including a decline in profits and operating cash flow, have contributed to the stock's downward movement.
In the broader market context, the stock's performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.78% over the past week. Despite the company's strong institutional holdings and healthy long-term growth metrics, the stock's valuation appears expensive compared to its peers, which may deter investors. The company's recent underperformance relative to the market, coupled with falling investor participation and liquidity concerns, suggests that the stock is facing challenges in maintaining investor confidence, contributing to its current price decline.