Why is Safari Inds. falling/rising?

As of 12-Aug, Safari Industries (India) Ltd is experiencing a decline in its stock price, currently at 2,022.00, reflecting a decrease of 17.95 points or 0.88%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.48%. In terms of broader performance, the stock has seen a 3.08% drop over the past week and an 8.82% decrease over the past month, while year-to-date, it has fallen by 21.86%. Despite these declines, the company has shown strong long-term fundamentals, including a low debt-to-equity ratio and significant growth in net sales and operating profit. Additionally, the recent positive quarterly results and high institutional holdings suggest a solid foundation, although the stock's current movement reflects short-term pressures.
In the broader market context, the Sensex has also faced challenges, with a slight decline of 0.59% over the past week and 2.75% over the past month. However, Safari Industries' performance has been notably worse than the benchmark, indicating that while the market is experiencing some downturn, the company's stock is struggling more significantly. The plastic products sector, in which Safari operates, has also seen a decline of 2.43%, contributing to the stock's downward trend. Despite an increase in investor participation, as evidenced by a 165.9% rise in delivery volume, the overall market sentiment and sector performance appear to be weighing heavily on Safari Industries' stock price.