Why is Piccadily Agro falling/rising?

As of 22-Aug, Piccadily Agro Industries Ltd is experiencing a decline in its stock price, currently at 598.00, which reflects a decrease of 1.3 or 0.22%. The stock has been underperforming recently, with a consecutive fall over the last three days resulting in a total decline of 1.56%. Additionally, the stock's performance over the past week shows a drop of 3.42%, while its year-to-date return is significantly negative at -34.25%. The company has reported negative financial results, including a 28% decline in profit after tax compared to previous quarters, which contributes to its perception as a strong sell. Furthermore, the stock is trading at a high valuation relative to its capital employed, and despite a rise in profits over the past year, the stock's return remains substantially lower than the market average.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.88% over the past week. While the market has shown some resilience, Piccadily Agro's performance has been notably poor, with a one-year return of -18.81% compared to the BSE500's negative return of -2.49%. This underperformance indicates a lack of investor confidence, further exacerbated by falling investor participation, as evidenced by a 17.47% decrease in delivery volume. Overall, the combination of disappointing financial results, high valuation concerns, and a stark contrast to the benchmark's performance has led to the stock's recent decline.