Why is Wendt India falling/rising?

As of 11-Nov, Wendt India Ltd's stock price is currently at Rs 8,260.20, reflecting a decrease of Rs 114.25 or 1.36%. The stock has been underperforming, as indicated by its performance today, where it underperformed its sector by 0.25%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.47%, and year-to-date, it has dropped significantly by 49.88%. The company has reported negative results, with a 69.6% fall in PAT for the most recent quarter and the lowest operating profit to net sales ratio recorded. Despite a high management efficiency with a return on equity (ROE) of 16.47% and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book value of 6.9, contributing to its recent decline.
In the broader market context, Wendt India's performance contrasts sharply with the Sensex, which has gained 0.49% over the past week and 7.34% year-to-date. This underperformance is further emphasized by the stock's returns over the past year, which have decreased by 46.71%, while the benchmark has risen by 5.50%. The stock's liquidity remains adequate, with a delivery volume increase of 10.87% against the 5-day average, but this has not translated into price stability or growth. Overall, the combination of disappointing financial results, high valuation concerns, and significant underperformance relative to the market has led to the stock's downward movement.