Why is Ajanta Soya falling/rising?

As of 04-Sep, Ajanta Soya Ltd's stock price is currently at Rs 34.25, reflecting a decline of 0.97 or 2.75%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.19%. Today's trading saw the stock reach an intraday low of Rs 32.75, indicating a significant decrease of 7.01%. Over the past week, despite a positive return of 16.18%, the stock has generated a negative return of 27.96% over the past year. While the company has a low debt-to-equity ratio and an attractive valuation with a high return on equity, its recent financial performance has been disappointing, with a notable drop in net sales and profit after tax in the most recent quarter.
Broader market context indicates that while Ajanta Soya has outperformed the Sensex in the short term, the overall long-term performance has been lackluster, with a decline of 37.50% over three years compared to a 37.27% gain in the benchmark. The stock's recent struggles are compounded by a significant drop in investor participation, with delivery volume falling by 46.01% against the five-day average. This lack of interest, combined with flat quarterly results and poor long-term growth metrics, suggests that investors are cautious about the stock's future prospects, contributing to its current downward trajectory.