Why is Sanathan Textile falling/rising?

As of 23-Oct, Sanathan Textiles Ltd is experiencing a decline in its stock price, currently at Rs 488.75, which reflects a decrease of 4.05 points or 0.82%. The stock has underperformed its sector by 2.09% today and has been on a downward trend for the last two days, accumulating a total loss of 1.53% during this period. The stock reached an intraday low of Rs 473.15, indicating significant selling pressure. Over the past week and month, the stock has also shown negative returns of 2.77% and 5.05%, respectively, while year-to-date performance remains positive at 33.43%. Despite a low debt-to-equity ratio of 0.06 and an attractive valuation with a price-to-book value of 2.3, the stock's recent performance has been hindered by its consecutive falls and lower trading volumes compared to its moving averages.
In the broader market context, the Sensex has gained 1.30% over the past week and 2.99% over the past month, contrasting sharply with Sanathan Textiles' negative returns during the same periods. This underperformance relative to the benchmark indicates that the stock is not only struggling in isolation but also lagging behind the overall market trend. However, there has been a notable increase in institutional investor participation, with a 0.52% rise in their stake, suggesting a potential for future stability and growth as these investors typically have better resources for analyzing company fundamentals. Despite this positive factor, the current market sentiment appears to be weighing heavily on the stock, contributing to its recent decline.