Why is G R Infraproject falling/rising?

As of 30-Jun, G R Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 1,316.70, which reflects a decrease of Rs 18.2 or 1.36%. Today's price summary indicates that the stock underperformed its sector by 1.92%, with an intraday low of Rs 1,305.05, marking a drop of 2.24%. Despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. Over the past week, the stock has shown a return of +6.33%, but it has significantly underperformed over the year with a return of -24.38%. The company has recently declared positive results after three consecutive negative quarters, showcasing strong management efficiency with a high ROCE of 16.47%, which may provide some support to the stock's valuation despite its recent price drop.
In the broader market context, the stock's short-term performance of +6.33% over the past week outpaces the Sensex's return of +2.09%, indicating some relative strength. However, the year-to-date performance shows a stark contrast, with G R Infraprojects down by 10.30% compared to the Sensex's gain of 7.00%. The high institutional holdings at 22.01% suggest that more informed investors are backing the company, which could stabilize the stock in the long run. Nevertheless, the overall negative return of -24.38% over the past year, coupled with a decline in profits by 5.5%, raises concerns about the stock's future performance, contributing to its current downward trend.