Why is Godavari Bioref. falling/rising?

As of 28-Jul, Godavari Biorefineries Ltd's stock is currently priced at 306.00, reflecting a decrease of 11.0 points, or 3.47%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 10.81% during this period. Today, it opened with a loss of 3.44% and reached an intraday low of 303, while the highest point was 328, indicating significant volatility. The stock's performance over the past week shows a slight decline of 1.29%, while it has outperformed the benchmark Sensex over the past month with a gain of 20.85% compared to the Sensex's drop of 3.77%. However, the stock's year-to-date performance is down by 2.58%, contrasting with the Sensex's increase of 3.52%. Positive financial results from March 25, including a substantial growth in profit before tax and net sales, suggest an attractive valuation, but the stock's profits have drastically fallen by 357% over the past year, contributing to the current downward trend.
Broader Market Context: In the short term, Godavari Biorefineries Ltd has underperformed the Sensex, which has seen a decline of 1.59% over the past week compared to the stock's smaller drop of 1.29%. This indicates that while the stock has been volatile and is currently facing downward pressure, it has managed to perform better than the broader market in the recent week. The falling investor participation, with a significant drop in delivery volume, further suggests a lack of confidence among investors, which may be contributing to the stock's decline. Despite some positive financial indicators, the overall sentiment appears to be negative, reflected in the stock's recent performance and the broader market context.