Why is Godrej Industrie falling/rising?

As of 02-Sep, Godrej Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,198.00, which reflects a decrease of Rs 31.5 or 2.56%. Today's price summary indicates that the stock has underperformed its sector by 2.65%, touching an intraday low of Rs 1,190.5, a drop of 3.17%. Despite this decline, the stock has shown positive performance over the past month with a return of 6.55% and has consistently outperformed the benchmark Sensex over the last year and three years, with returns of 12.93% and 154.06%, respectively. The company has reported positive results for the last three consecutive quarters, with significant growth in operating cash flow and net sales, which contributes to its attractive valuation compared to peers. Additionally, rising promoter confidence, as evidenced by a 1.32% increase in their stake, suggests a belief in the company's future prospects.
In the broader market context, Godrej Industries' recent short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.52% compared to the Sensex's -0.78%. This underperformance may reflect broader market trends or sector-specific challenges that are impacting investor sentiment. However, the company's strong fundamentals, including consistent returns and significant profit growth, position it favorably in the long term, despite the current price decline. The liquidity of the stock remains adequate, which may support trading activity even amid the recent downturn.