Why is Sahyadri Industr falling/rising?

As of 22-Sep, Sahyadri Industries Ltd is experiencing a decline in its stock price, currently at Rs 270.35, which reflects a decrease of 1.65 (-0.61%). The stock has shown a mixed performance recently, having fallen after three consecutive days of gains. It reached an intraday high of Rs 280 earlier in the day but ultimately closed lower. The stock's performance over the past week has been positive at +1.64%, but it has struggled over the longer term, with a year-to-date decline of -15.81% and a one-year drop of -22.31%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 42.32% compared to the five-day average, indicating reduced interest from investors. Despite a high return on capital employed (ROCE) of 16.93% and a low debt-to-EBITDA ratio of 0.94, the stock's valuation remains attractive, trading at a discount compared to peers, although profits have decreased by 25.3% over the past year.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex, which has only increased by 0.46% over the past week. However, the stock's longer-term performance is concerning, as it has underperformed the Sensex significantly over one month (-6.13% vs. +1.05%) and year-to-date (-15.81% vs. +5.15%). This underperformance, coupled with the recent decline in stock price and falling investor participation, suggests that while there are some positive factors such as management efficiency and attractive valuation, the overall sentiment towards Sahyadri Industries Ltd remains cautious, contributing to its current price decline.