Why is Voltas falling/rising?

As of 21-Aug, Voltas Ltd. is currently priced at 1,364.25, reflecting a decrease of 4.3 points or 0.31%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 1.1% during this period. Despite outperforming its sector by 0.56% today, the stock's performance over the past month shows a decline of 1.45%, while it has significantly underperformed over the year with a return of -18.44%. The company's financials indicate a concerning trend, with a substantial drop in profit before tax and profit after tax compared to previous quarters, alongside a low operating profit margin. Additionally, the stock's high Price to Book Value ratio suggests it may be overvalued relative to its earnings growth, contributing to investor caution.
In the broader market context, Voltas has underperformed the benchmark Sensex, which has gained 1.74% over the past week while Voltas has increased by 7.32%. However, the stock's year-to-date performance is notably poor, with a decline of 23.78% compared to the Sensex's positive return of 4.94%. The falling investor participation, indicated by a significant drop in delivery volume, further reflects a lack of confidence among investors. Although the company maintains a low debt-to-equity ratio and high institutional holdings, the recent financial performance and valuation concerns are likely weighing on the stock's price, leading to its current downward movement.