Why is Jyothy Labs falling/rising?

As of 20-Jun, Jyothy Labs Ltd. is currently priced at 319.80, reflecting a decline of 9.7 points or 2.94%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4.82% during this period. It has also underperformed its sector by 3.25% today. The stock's performance over the past week shows a decline of 5.34%, and over the past month, it has decreased by 6.16%. Despite a high management efficiency indicated by a return on equity (ROE) of 16.06% and a low debt-to-equity ratio, the stock's recent movement has been negatively impacted by falling investor participation, as evidenced by an 8.62% drop in delivery volume compared to the five-day average.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.59% over the past week, Jyothy Labs' short-term performance is significantly lagging. The stock has seen a year-to-date decline of 19.53%, while the Sensex has risen by 5.46% during the same period. This stark contrast highlights the challenges Jyothy Labs faces in the current market environment, despite its attractive valuation and high institutional holdings of 29.39%. The overall market context suggests that while the company has solid fundamentals, its stock price is currently under pressure, leading to a downward trend.