Why is Granules India falling/rising?

As of 22-Sep, Granules India Ltd's stock price is currently at 526.00, reflecting a decline of 17.0 points or 3.13%. The stock has been underperforming, having lost 3.67% over the last three days and touching an intraday low of Rs 520.2. Additionally, the stock has underperformed its sector by 2.05% today and has seen a significant drop in delivery volume, falling by 45.95% against the 5-day average. While the stock has shown a positive return of 15.10% over the past month, its year-to-date performance is down by 11.12%. Despite a high management efficiency indicated by a ROCE of 18.77% and strong debt servicing capability, the stock's recent movement is negatively impacted by falling profits and a decline in investor participation.
In the broader market context, Granules India has underperformed compared to the Sensex, which has gained 0.46% over the past week while Granules has declined by 1.41%. The stock's performance over the last year is slightly better than the benchmark, with a decline of 2.59% compared to the Sensex's 2.82% drop. The high institutional holdings at 36.77% suggest that more informed investors are involved, but the overall market sentiment appears to be weighing on the stock's price. The combination of recent price declines, reduced trading volume, and the stock's inability to capitalize on its management strengths indicates a challenging environment for Granules India Ltd at this time.