Why is Astral falling/rising?

As of 25-Jul, Astral Ltd's stock price is currently at 1,440.30, reflecting a decrease of 35.5 points or 2.41%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 2.73% during this period. It has also underperformed its sector by 1.64% today. The stock's performance over the past week shows a decline of 4.45%, while it has dropped 12.87% year-to-date and 33.71% over the past year. Despite having a high management efficiency indicated by a return on equity (ROE) of 18.04% and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book value of 10.7. Additionally, the company has experienced flat results recently, contributing to the negative sentiment surrounding its stock.
In the broader market context, while the Sensex has shown a slight decline of 0.36% over the past week, Astral's performance has been significantly worse, indicating a lack of investor confidence. The stock's recent performance is compounded by a falling investor participation, as evidenced by a 23.15% drop in delivery volume compared to the five-day average. Furthermore, despite being the second-largest company in its sector with substantial institutional holdings, Astral has underperformed the market over the last year, with a return of -33.71% compared to the BSE500's -0.19%. This stark contrast highlights the challenges Astral faces in regaining investor trust and improving its market position.