Why is Safari Inds. falling/rising?

As of 23-Oct, Safari Industries (India) Ltd is experiencing a decline in its stock price, currently at 2,088.70, reflecting a decrease of 28.55 points or 1.35%. The stock has underperformed its sector by 0.59% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 4.91%, and it has shown a year-to-date decline of 19.28%, significantly underperforming the benchmark Sensex, which has gained 8.21% during the same period. Despite the company's low debt and strong long-term fundamentals, including a healthy growth rate in net sales and operating profit, the stock's recent performance has been negatively impacted by a very expensive valuation and a decline in profits over the past year.
Broader Market Context: In the context of the broader market, Safari Industries has notably underperformed compared to the Sensex, which has risen by 1.30% over the past week. The stock's negative returns of 7.95% over the last year starkly contrast with the positive returns of 3.59% generated by the market. This underperformance is compounded by falling investor participation, as indicated by a significant drop in delivery volume, which has decreased by 74.46% against the 5-day average. While institutional holdings remain high, indicating some level of confidence in the company's fundamentals, the overall market sentiment and the stock's recent financial performance have contributed to its downward trajectory.