Why is Niraj Cement falling/rising?

As of 14-Aug, Niraj Cement Structurals Ltd's stock price is currently at Rs 44.60, reflecting a decline of Rs 4.84 or 9.79%. The stock has underperformed its sector by 9.58% today, having touched an intraday low of Rs 44.1, which represents a drop of 10.8%. Over the past week, the stock has decreased by 12.03%, and on a year-to-date basis, it has fallen by 37.93%. Despite a healthy long-term growth in operating profit at an annual rate of 56.64% and a low debt-to-equity ratio, the recent financial performance has been concerning, with net sales down by 25.5% and profit after tax falling by 74.4% compared to previous quarters. Additionally, while institutional investor participation has increased, the stock's performance has been negatively impacted by its trading below all key moving averages.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.03% over the past week. This indicates that the significant drop in Niraj Cement's stock price is not reflective of the overall market trend, suggesting company-specific issues are at play. The stock's year-to-date performance starkly contrasts with the Sensex's gain of 3.15%, highlighting its underperformance. While the stock has shown some positive long-term growth, the recent financial setbacks and the substantial decline in sales and profits have overshadowed these factors, leading to a bearish sentiment among investors.