Why is Astral falling/rising?

As of 03-Sep, Astral Ltd's stock price is currently at 1,420.45, reflecting a decrease of 1.4 points or 0.1%. The stock has recently underperformed its sector by 0.72% and has experienced a trend reversal, falling after two consecutive days of gains. Despite being higher than the 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. The stock has shown a mixed performance in the past week and month, with returns of +2.17% and +1.00%, respectively, but has significantly underperformed over the year with a decline of -26.20%. Factors contributing to this decline include negative quarterly results, a low return on capital employed, and a very expensive valuation compared to peers, despite high management efficiency and healthy long-term growth.
In the broader market context, the Sensex has shown a slight decline of 0.27% over the past week, while Astral's performance has been relatively stronger in that timeframe. However, the stock's year-to-date performance is concerning, with a drop of -14.07% compared to the Sensex's gain of +3.11%. This consistent underperformance against the benchmark over the last three years, coupled with falling investor participation and a decrease in delivery volume, suggests a lack of confidence among investors. Although Astral has high institutional holdings, which typically indicate a strong fundamental analysis, the recent negative financial results and valuation concerns have overshadowed these positives, leading to the current downward movement in the stock price.