Why is ASK Automotive falling/rising?

As of 08-Oct, ASK Automotive Ltd is experiencing a decline in its stock price, currently at Rs 498.30, which reflects a decrease of Rs 16.7 or 3.24%. The stock has underperformed its sector by 1.68% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 6.1% over that period. The stock touched an intraday low of Rs 495, indicating significant selling pressure. Despite a year-to-date return of 5.00% and a strong annual return of 25.56%, the recent performance has been lackluster, with the stock's returns over the past month down by 7.99%. The company maintains a high management efficiency with a return on equity (ROE) of 22.51% and a low debt to EBITDA ratio of 1.01, suggesting a solid financial position, but these positives have not been enough to counteract the recent price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex gaining 0.98% over the past week while ASK Automotive has lost 6.10%. This underperformance is compounded by a decrease in investor participation, as evidenced by a 21.42% drop in delivery volume compared to the five-day average. Although the stock has shown resilience with a 25.56% return over the past year, the overall market sentiment appears to be affecting its price negatively. The stock is trading at a discount compared to its peers, which could suggest potential for recovery in the long term, but current trends indicate that investor confidence is waning, contributing to the recent price decline.