Why is Godrej Industrie falling/rising?

As of 02-Jul, Godrej Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,157.10, which reflects a decrease of Rs 50.55 or 4.19%. The stock has underperformed its sector by 3.3% today and has been on a downward trend for the last three days, resulting in a total decline of 7.31% over the past week. Additionally, the stock reached an intraday low of Rs 1,148.2, indicating significant selling pressure. Despite a strong performance over the past year with a return of 28.88%, the recent negative movement is compounded by falling investor participation, as evidenced by a 5.19% drop in delivery volume compared to the 5-day average. While the company has shown positive financial results, including substantial growth in profit before tax and cash reserves, these factors have not been sufficient to counteract the recent price decline.
In the broader market context, Godrej Industries' recent performance contrasts sharply with the Sensex, which has gained 0.79% over the past week. The stock's year-to-date return of 0.62% also lags behind the Sensex's 6.75% increase. Although the company has demonstrated strong fundamentals, such as rising promoter confidence and attractive valuations compared to peers, the current market sentiment appears to be weighing heavily on the stock. The combination of recent underperformance, declining trading volumes, and the stock's inability to maintain momentum against a rising benchmark suggests that investor sentiment may be shifting, leading to the current price decline.