Why is Ashoka Buildcon falling/rising?

As of 28-Jul, Ashoka Buildcon Ltd. is experiencing a decline in its stock price, currently at Rs 197.45, reflecting a decrease of Rs 3.8 or 1.89%. The stock has underperformed its sector by 0.56% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 3.16%. Over the past week, the stock has decreased by 2.54%, and over the last month, it has fallen by 7.15%. Despite a healthy long-term growth outlook, with operating profit growing at an annual rate of 15.58% and positive results reported for the last five consecutive quarters, the stock's performance over the past year has been poor, with a return of -24.92%. The stock is also trading below its moving averages, indicating a bearish trend.
In the broader market context, Ashoka Buildcon's recent performance contrasts with the Sensex, which has only declined by 1.59% over the past week and 3.77% over the past month. This suggests that the stock is underperforming relative to the overall market. The company benefits from high management efficiency and significant institutional holdings, which may provide some stability; however, the recent price movements indicate that investor sentiment is currently negative. The stock's attractive valuation, with a PEG ratio of 0 and a high return on capital employed, may not be enough to offset the recent declines, especially given the broader market's relatively better performance.