Why is Safari Inds. falling/rising?

As of 30-Jul, Safari Industries (India) Ltd is experiencing a decline in its stock price, currently at 2,042.40, which reflects a decrease of 8.35 or 0.41%. The stock has underperformed its sector by 0.79% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.53%, and it has seen a year-to-date decline of 21.07%, contrasting with a positive return of 4.28% in the Sensex. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 35.31% compared to the 5-day average. While the company boasts high management efficiency and low debt levels, negative financial results, including a 21.83% decline in PAT and a high valuation relative to peers, are contributing to the stock's downward pressure.
In the broader market context, Safari Industries' recent performance has been notably weaker than the benchmark Sensex, which has only declined by 1.50% over the past week. The stock's year-to-date performance of -21.07% starkly contrasts with the Sensex's positive return, indicating a significant underperformance. Despite some positive factors such as high institutional holdings and healthy long-term growth rates, the recent negative financial results and high valuation concerns are overshadowing these strengths, leading to a bearish sentiment among investors.