Why is Ajanta Soya falling/rising?

As of 11-Sep, Ajanta Soya Ltd's stock price is currently at 35.91, reflecting a decrease of 0.08, or 0.22%. The stock has underperformed its sector today by 0.66% and has experienced a trend reversal after two consecutive days of gains. Despite a positive performance over the past week and month, with returns of 4.85% and 14.66% respectively, the stock has seen a significant decline of 25.87% year-to-date and 23.58% over the past year. The company's low debt-to-equity ratio and attractive valuation, indicated by a return on equity of 18.8 and a price-to-book value of 2.2, suggest potential; however, the recent quarterly results show a concerning decline in net sales and profit after tax, which may be contributing to the stock's downward movement.
In the broader market context, while the Sensex has shown a modest gain of 1.03% over the past week, Ajanta Soya's recent performance indicates a struggle to keep pace, particularly given its long-term underperformance against the BSE500. The stock's liquidity remains adequate for trading, but a decline in investor participation, evidenced by a drop in delivery volume, may signal waning interest. Overall, the combination of disappointing quarterly results and a lack of strong growth prospects appears to be weighing on the stock, overshadowing its otherwise attractive valuation metrics.