Why is Asi Industries falling/rising?

As of 19-Aug, Asi Industries Ltd is experiencing a decline in its stock price, currently at 30.94, which reflects a decrease of 0.86 or 2.7%. Today's performance indicates that the stock has underperformed its sector by 2.4%. The stock is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 37.91% compared to the 5-day average. Over the past week, the stock has shown a positive return of 2.96%, but it has underperformed over the last month with a decline of 10.47% and a year-to-date drop of 39.74%. While the company has demonstrated healthy long-term growth with a 40.33% annual increase in operating profit, recent negative results, including a 23.8% decline in net sales and a 36.5% drop in profit after tax, have contributed to the stock's downward movement.
In the broader market context, the Sensex has increased by 1.76% over the past week, contrasting with Asi Industries' performance. The stock's year-to-date performance is significantly lagging behind the benchmark, which has gained 4.49%. Despite the company's attractive valuation with a price-to-book value of 0.8 and consistent returns over the last three years, the recent financial results have raised concerns among investors. The high proportion of non-operating income in the profit before tax further complicates the outlook, leading to a cautious sentiment in the market. Overall, the combination of disappointing quarterly results and declining investor participation has resulted in the stock's current downward trend.