Why is Ashoka Buildcon falling/rising?

As of 12-Aug, Ashoka Buildcon Ltd. is experiencing a decline in its stock price, currently at Rs 179.80, which reflects a decrease of Rs 4.25 or 2.31%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total drop of 9.69% during this period. It has also underperformed its sector by 2.36% today. The stock's performance over the past week shows a significant decline of 8.71%, and over the past month, it has decreased by 12.29%. Despite a high intraday price of Rs 189.8, the stock has traded lower than all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 358.88% against the five-day average, which may suggest some underlying interest despite the price drop.
In the broader market context, Ashoka Buildcon's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.59% over the past week. The company's year-to-date return of -42.24% further emphasizes its struggles compared to the Sensex's positive return of 2.68%. While the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) and consistent profit growth, these positive factors have not translated into stock price appreciation recently. The stock is trading at a discount compared to its peers, and high institutional holdings indicate confidence in its long-term potential. However, the immediate market sentiment appears negative, overshadowing these strengths.