Why is Assoc.Alcohols falling/rising?

As of 22-Jul, Associated Alcohols & Breweries Ltd's stock price is currently at Rs 1,136.10, reflecting a decrease of Rs 22.0 or 1.9%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 4.78% during this period. Today's performance shows that it underperformed its sector by 1.56%, and it reached an intraday low of Rs 1,128.05. Despite a strong year-to-date return of 3.28% and a remarkable 67.53% increase over the past year, the stock's recent trend indicates a decline in investor participation, with delivery volume dropping by 35.05% compared to the five-day average. The company has reported positive financial results over the last four quarters, with significant growth in profit after tax and net sales, which suggests that the fundamentals remain strong, yet the stock is currently experiencing downward pressure.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.81%, while the benchmark Sensex has only decreased by 0.47%, indicating a relative underperformance. Although the stock has outperformed the market significantly over the past year, the recent trend of falling prices may be influenced by a combination of declining investor interest and short-term market dynamics. The stock's valuation remains attractive, trading at a discount compared to peers, and with a low debt-to-equity ratio, it suggests potential for recovery. However, the current negative momentum and reduced trading volume may continue to impact its price in the near term.