Why is Godavari Bioref. falling/rising?

As of 25-Jul, Godavari Biorefineries Ltd's stock is currently priced at Rs 317.00, reflecting a decrease of Rs 12.9 or 3.91%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.61%. Today's performance indicates that it underperformed its sector by 2.66%, with an intraday low of Rs 313.15. Despite a positive return of 24.73% over the past month, the stock's recent performance is overshadowed by a significant drop in investor participation, as evidenced by a 26.9% decrease in delivery volume compared to the five-day average. While the company reported strong financial results for the quarter ending March 25, including a remarkable growth in profit before tax and net sales, it is important to note that profits have fallen by 357% over the past year, which may be contributing to the current downward pressure on the stock.
In the broader market context, Godavari Biorefineries Ltd has shown a positive return of 2.86% over the past week, contrasting with a slight decline of 0.36% in the Sensex during the same period. However, the stock's year-to-date performance of 0.92% lags behind the Sensex's gain of 4.25%. This suggests that while the stock has had some short-term gains, it is not keeping pace with the overall market, which may be influencing investor sentiment negatively. The combination of falling investor participation, recent price declines, and the stark contrast between the company's impressive quarterly results and its long-term profit decline may be leading to cautious trading behavior among investors.