Why is Vijay Solvex falling/rising?

As of 04-Aug, Vijay Solvex Ltd's stock price is currently at Rs 864.40, reflecting a decrease of Rs 7.5 or 0.86%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.87%. It has also underperformed its sector by 0.67% today. Over the past month, the stock has decreased by 4.27%, while its year-to-date performance shows a decline of 7.05%. Despite a significant increase in profits of 526.5% over the past year, the stock has generated a return of -22.06%, indicating poor long-term growth prospects, particularly with an annual operating profit decline of 6.44% over the last five years.
In the broader market context, Vijay Solvex's short-term return of +0.28% over the past week slightly outperformed the Sensex, which rose by 0.16%. However, the stock has consistently underperformed against the benchmark over the last three years, with a notable decline of 38.66% compared to the Sensex's gain of 38.97%. The stock's valuation appears attractive with a low Price to Book Value of 0.8 and a low Debt to Equity ratio of 0.03, but these factors have not translated into positive market sentiment, as evidenced by the flat results reported in March and significant declines in profit before tax and profit after tax.