Why is Ashoka Buildcon falling/rising?

As of 17-Nov, Ashoka Buildcon Ltd. is experiencing a decline in its stock price, currently at Rs 188.70, which reflects a decrease of 9.95 points or 5.01%. The stock has underperformed its sector by 5.57% today and has been on a downward trend for the last three days, accumulating a total loss of 6.33% during this period. It opened with a gap down of 2.37% and reached an intraday low of Rs 186.8. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these negative movements, the company has shown high management efficiency with a return on capital employed (ROCE) of 30.91% and has reported positive results for the last six consecutive quarters, indicating strong fundamentals. However, the stock's year-to-date performance is notably poor, with a decline of 39.38% compared to the Sensex's gain of 8.72%.
In the broader market context, Ashoka Buildcon's short-term performance has significantly lagged behind the benchmark, as it has fallen by 5.84% over the past week while the Sensex has increased by 1.69%. This stark contrast highlights the stock's struggles relative to the overall market. Although there has been rising investor participation, with a notable increase in delivery volume, the stock's recent performance and its continued decline suggest that investor sentiment may be cautious despite the company's strong fundamentals and attractive valuation metrics. The high institutional holdings at 21.51% indicate that more informed investors are backing the company, yet this has not translated into positive price movement in the short term.