Why is Granules India falling/rising?

As of 11-Aug, Granules India Ltd is currently priced at 440.20, reflecting a slight increase of 0.4 (0.09%). Despite this minor uptick, the stock has underperformed its sector by 0.82% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.15%, and it has seen a significant drop of 25.62% year-to-date. Additionally, the delivery volume has decreased by 27.19% compared to the 5-day average, indicating a decline in investor participation. While the company boasts high management efficiency with a return on capital employed (ROCE) of 18.77% and a low debt-to-EBITDA ratio of 0.91, it has also faced challenges, including a poor long-term growth outlook and a substantial decline in stock returns over the past year.
In the broader market context, Granules India has underperformed the Sensex, which has shown a modest gain of 3.15% year-to-date, while Granules has experienced a significant drop of 25.62%. This stark contrast highlights the stock's struggles in comparison to the overall market performance. Furthermore, the company's flat results and below-par performance in both the long and near term have contributed to its negative trajectory. Despite having high institutional holdings at 36.77%, which typically indicates a strong analytical backing, the stock's recent performance and historical returns suggest that investor sentiment remains cautious.