Why is Astral falling/rising?

As of 08-Aug, Astral Ltd's stock price is currently at Rs 1,372.00, reflecting a decline of Rs 43.1 or 3.05%. The stock has been underperforming, having lost 3.99% over the last four days, and it is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week and month shows declines of 2.45% and 7.92%, respectively, while it has experienced a significant drop of 34.32% over the past year. Factors contributing to this decline include a flat performance in recent results, a low return on capital employed, and a very expensive valuation compared to peers, despite the company’s high management efficiency and low debt levels.
In the broader market context, Astral Ltd has underperformed the benchmark Sensex, which has shown a decline of only 0.92% over the past week and 4.60% over the past month. The stock's significant drop of 34.32% over the past year starkly contrasts with the Sensex's modest gain of 1.23% during the same period. This disparity highlights the challenges Astral Ltd faces in attracting investor confidence, especially given the high institutional holdings and the company's substantial market cap within its sector. The falling investor participation, as evidenced by a 37.6% drop in delivery volume, further exacerbates the stock's downward trajectory.