Why is Hatsun Agro falling/rising?

As of 28-Jul, Hatsun Agro Product Ltd is experiencing a decline in its stock price, currently at 905.60, which reflects a decrease of 19.4 points or 2.1%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.76% during this period. Although it opened with a gain of 3.03% today, it reached an intraday high of Rs 953 before dropping to a low of Rs 895.45. The stock's performance over the past week shows a decline of 6.91%, and it has underperformed against the benchmark Sensex, which has only decreased by 1.59%. Additionally, the stock has generated a return of -25.41% over the past year, while its profits have decreased by 4.6%. Despite healthy long-term growth in operating profit and attractive valuations compared to peers, the consistent underperformance against benchmarks and falling investor participation are contributing to the stock's current decline.
In the broader market context, Hatsun Agro's short-term performance is notably weaker than the benchmark, as it has underperformed the Sensex over the last week and month. The Sensex has shown a slight decline of 1.59% over the past week, while Hatsun Agro's decline of 6.91% indicates a significant lag. This trend of underperformance has been consistent over the past three years, where the stock has not only generated negative returns but has also failed to keep pace with the broader market. The liquidity of the stock remains adequate for trading, but the substantial drop in delivery volume suggests a lack of investor confidence, further exacerbating its price decline.