Why is ASK Automotive falling/rising?

As of 11-Sep, ASK Automotive Ltd's stock price is currently at 514.80, reflecting a decrease of 8.1 points or 1.55%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 4.73% during this period. Additionally, the stock's performance today has underperformed its sector by 0.71%. Over the past week, the stock has decreased by 0.96%, while it has shown a positive return of 10.78% over the past month, indicating some volatility. Despite a strong management efficiency with a high return on equity (ROE) of 22.51% and a low debt to EBITDA ratio of 1.01, the recent price decline may be attributed to falling investor participation, as evidenced by an 8.96% drop in delivery volume compared to the five-day average.
Broader market context shows that while ASK Automotive has generated a return of 14.30% over the past year, the broader market, represented by the Sensex, has only increased by 0.03%. This indicates that ASK Automotive has outperformed the market significantly in the long term, despite its recent struggles. The stock's current decline contrasts with its historical performance, where it has shown healthy growth in operating profit and is trading at a discount compared to its peers. However, the recent flat results reported in June may have contributed to the current downward pressure on the stock price, suggesting that investor sentiment may be cautious despite the company's strong fundamentals.