Why is Astral falling/rising?

As of 30-Jul, Astral Ltd's stock price is currently at 1,430.95, reflecting an increase of 12.7, or 0.9%. The stock has shown a positive trend recently, gaining for the last two days and achieving a return of 1.41% during this period. However, over the past week, the stock has underperformed with a decline of 3.36%, and it has also seen a significant drop of 35.05% over the past year. Despite these declines, the company boasts high management efficiency with a return on equity (ROE) of 18.04%, a low debt-to-equity ratio, and healthy long-term growth in net sales and operating profit. Nevertheless, the stock's valuation appears expensive compared to its peers, and it has underperformed the market significantly over the last year.
In the broader market context, the Sensex has experienced a decline of 1.50% over the past week, indicating that while Astral's short-term performance is slightly better than the benchmark, it still lags behind in the longer term. The stock's year-to-date performance shows a decline of 13.43%, contrasting sharply with the Sensex's gain of 4.28%. This disparity highlights the challenges Astral faces in regaining investor confidence, especially given the flat results reported in March and a significant drop in profits over the past year. The high institutional holdings suggest that there is some confidence in the company's fundamentals, but the overall market sentiment remains cautious.