Why is Safari Inds. falling/rising?

As of 28-Jul, Safari Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,043.75, which represents a decrease of Rs 66.25 or 3.14%. The stock has underperformed its sector by 1.68% today and has been on a downward trend for the last three days, accumulating a total loss of 4.47%. Additionally, the stock has touched an intraday low of Rs 2,013.05 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite high management efficiency and healthy long-term growth in net sales and operating profit, negative results from the previous quarter, including a significant decline in profit after tax and a high price-to-book value ratio compared to peers, have contributed to the stock's recent struggles. In the broader market context, Safari Industries has underperformed the benchmark Sensex, with a 1-week return of -5.21% compared to the Sensex's -1.59%. Year-to-date, the stock has seen a substantial decline of 21.02%, while the Sensex has gained 3.52%. The falling investor participation, indicated by a 41.74% drop in delivery volume, further exacerbates the stock's challenges. Although institutional holdings remain high, their increased stake may not be sufficient to counterbalance the negative sentiment stemming from the company's recent financial performance and valuation concerns.