Why is Apeejay Surrend. falling/rising?

As of 30-Sep, Apeejay Surrendra Park Hotels Ltd is experiencing a decline in its stock price, currently at 144.40, which reflects a decrease of 1.35 or 0.93%. The stock has underperformed its sector by 0.47% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.73%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 6.48%, and year-to-date, it has fallen by 21.78%, indicating a consistent underperformance against the benchmark indices. While the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, recent financial results have been mixed, with a significant drop in PAT and a low operating profit to interest ratio, contributing to negative sentiment. In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 6.48% compared to the Sensex's drop of 2.23%. This consistent underperformance against the benchmark over the last three years, coupled with a decrease in institutional investor participation, suggests a lack of confidence among larger investors. The stock's valuation appears expensive with a high price-to-book value, and despite a rise in profits, the overall return of -14.45% over the past year further exacerbates the negative outlook.