Why is Ashoka Buildcon falling/rising?

As of 28-Aug, Ashoka Buildcon Ltd. is experiencing a decline in its stock price, currently at Rs 174.10, which reflects a decrease of Rs 4.35 or 2.44%. The stock has underperformed its sector by 1.32% today and has been on a downward trend for the last two days, accumulating a total decline of 4.99%. Additionally, the stock has shown negative returns over various periods, including a 5.02% drop over the past week and an 11.83% decline over the past month. Despite the company’s strong fundamentals, such as a high return on capital employed (ROCE) of 30.91% and consistent positive results over the last six quarters, the stock's performance has been hindered by falling investor participation, as evidenced by a 9.93% decrease in delivery volume compared to the five-day average.
In the broader market context, Ashoka Buildcon's short-term performance has been worse than the benchmark Sensex, which has declined by only 2.34% over the past week. This underperformance is notable given the stock's significant drop of 44.07% year-to-date, contrasting sharply with the Sensex's gain of 2.48% during the same period. While the company boasts healthy long-term growth metrics and high institutional holdings, these factors have not translated into positive stock price movement recently, indicating that market sentiment may be weighing heavily on the stock despite its underlying strengths.