Why is Kaveri Seed Co. falling/rising?

As of 24-Jun, Kaveri Seed Company Ltd's stock is currently priced at 1,213.10, reflecting a decrease of 37.65 points or 3.01%. The stock has been on a downward trend, having fallen consecutively for the last 10 days, resulting in a total decline of 16% during this period. Today's performance indicates that it underperformed its sector by 0.37%, with an intraday low of Rs 1203. Despite a year-to-date increase of 38.66%, the stock's recent performance has been disappointing, with a 16.91% drop over the past month and a 6.63% decline over the past week. The company maintains a high management efficiency with a return on equity (ROE) of 20.89%, but its profits have decreased by 5.8% over the past year, contributing to a less favorable outlook.
In the broader market context, the Kaveri Seed Company stock's recent struggles are juxtaposed against the Sensex, which has seen a modest increase of 0.58% over the past week. While the stock has outperformed the market over the past year with a return of 19.84%, the current downturn is significant compared to the benchmark's performance. The agricultural seeds sector has also faced a decline of 2.64%, indicating sector-wide challenges. Although the stock has high institutional holdings at 23.32%, suggesting confidence from larger investors, the overall market sentiment and the company's recent profit decline may be weighing heavily on its stock price.