Why is Wim Plast falling/rising?

As of 14-Aug, Wim Plast Ltd. is experiencing a decline in its stock price, currently at Rs 483.20, which reflects a decrease of Rs 6.8 or 1.39%. The stock has underperformed its sector by 1.03% today and has been on a consecutive downward trend for the last three days, accumulating a total return loss of 2.78% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has significantly underperformed, with a return of -26.32% compared to the Sensex's gain of 1.89%. Despite a low debt-to-equity ratio and a relatively attractive valuation with a Price to Book Value of 1.1, the stock's performance has been hindered by poor long-term growth metrics, including a modest annual net sales growth of 7.73% and a concerning drop in profit before tax.
In the broader market context, while the Sensex has shown resilience with a slight increase of 3.15% year-to-date, Wim Plast's year-to-date return is notably negative at -19.27%. This stark contrast highlights the company's struggles relative to the overall market performance. The stock's recent price movements reflect a combination of disappointing financial results, including a significant drop in profit before tax and a high reliance on non-operating income, which has raised concerns among investors. Consequently, despite some positive factors such as rising investor participation and a low debt profile, the prevailing sentiment remains cautious, leading to the stock's continued decline.