Why is Bajaj Hindusthan falling/rising?

As of 09-Jul, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 28.44, which reflects a decrease of 0.68 or 2.34%. The stock has underperformed its sector by 2% today and has seen a trend reversal after five consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 4.37% and 16.41%, respectively. However, it has a negative year-to-date return of 6.35% and a significant decline of 32.83% over the past year. Additionally, the delivery volume has decreased by 28.73% compared to the five-day average, indicating falling investor participation, although the stock remains liquid enough for trading.
In the broader market context, the Sensex has only increased by 0.15% over the past week, suggesting that the overall market sentiment is relatively stable. While Bajaj Hindusthan's stock is trading at a discount compared to its peers, it has a strong operating profit to interest ratio and high cash reserves, which could support its valuation. Despite the recent price drop, the company has reported an impressive 83.5% increase in profits over the past year, which may attract investors looking for value. However, the combination of recent underperformance and declining trading volume may be contributing to the stock's current downward movement.