Why is Apeejay Surrend. falling/rising?

As of 01-Aug, Apeejay Surrendra Park Hotels Ltd is experiencing a decline in its stock price, currently at 152.00, which reflects a decrease of 2.95 or 1.9%. The stock has underperformed its sector by 1.91% today, following a trend reversal after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 1.43%, and it has shown a significant decline of 7.23% over the past month. Despite a healthy long-term growth in net sales and operating profit, the stock's return over the last year is down by 18.61%, which is concerning given that profits have increased by 29%. Additionally, the company has a low debt-to-equity ratio, but its high price-to-book value suggests it may be overvalued.
In the broader market context, the stock's recent performance has been weaker than the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has gained 3.15% year-to-date, Apeejay Surrendra has lost 17.66%, highlighting a significant disparity. The decrease in institutional investor participation, with a 0.9% reduction in their stake, further exacerbates the stock's challenges, as these investors typically have more resources to evaluate company fundamentals. Overall, the combination of declining stock performance, high valuation concerns, and reduced institutional interest contributes to the stock's downward movement.