Why is Uni Abex Alloy falling/rising?

As of 29-Aug, Uni Abex Alloy Products Ltd is experiencing a decline in its stock price, currently at 3,180.00, which reflects a decrease of 10.0 or 0.31%. Today's price summary indicates that the stock opened with a loss of 2.82%, reaching an intraday low of Rs 3100. The stock has outperformed its sector by 1.1%, but the overall performance over the past month shows a significant decline of 9.12%. Additionally, the company's recent financial results reveal a concerning drop in profit after tax by 33.8% compared to the previous four-quarter average, along with the lowest net sales recorded at Rs 39.18 cr. The stock's valuation appears expensive with a Price to Book Value of 4.4, and despite a low debt-to-equity ratio, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current price.
In the broader market context, while the stock has outperformed the Sensex by 2.58% over the past week, it has underperformed significantly over the last year, with a return of -16.33% compared to the benchmark's -2.83%. This underperformance is notable given that the stock's decline is much steeper than the market's overall negative returns, indicating potential issues specific to the company rather than broader market trends. The falling investor participation, as evidenced by a 5.56% decrease in delivery volume, further underscores the lack of confidence among investors, contributing to the stock's downward trajectory.