Why is Uni Abex Alloy falling/rising?

As of 05-September, Uni Abex Alloy Products Ltd is experiencing a decline in its stock price, currently at 3,153.25, which represents a decrease of 87.85 or 2.71%. The stock has underperformed its sector by 2.91% today and has been on a consecutive downward trend for the last two days, with a total drop of 2.98% in that period. The stock reached an intraday low of Rs 3023.05, reflecting a significant decline of 6.73%. Over the past week, the stock has decreased by 0.84%, and in the last month, it has fallen by 8.60%. Despite a year-to-date increase of 16.48%, the stock's performance over the past year shows a decline of 6.08%. The company's financials indicate a concerning trend, with a 33.8% drop in PAT and an 18.8% decrease in net sales compared to previous quarters, contributing to its recent price movement.
In the broader market context, the Sensex has increased by 1.13% over the past week, contrasting with Uni Abex's decline, which highlights its underperformance relative to the benchmark. The stock's liquidity appears adequate, but the falling investor participation, as evidenced by a 16.02% drop in delivery volume, raises concerns about market confidence. Additionally, the company's high valuation, with a Price to Book Value of 4.4, coupled with a low debt-to-equity ratio, suggests that investors may be wary of its current price levels. The lack of investment from domestic mutual funds, which typically conduct thorough research, may further indicate a lack of confidence in the stock's valuation or business prospects, contributing to its recent downward trend.