Why is Sandhar Tech falling/rising?

As of 26-Aug, Sandhar Technologies Limited is experiencing a decline in its stock price, currently at Rs 429.50, reflecting a decrease of 15.0 points or 3.37%. The stock has underperformed its sector by 2.56% today, having touched an intraday low of Rs 428, which represents a drop of 3.71%. Over the past week, the stock has decreased by 3.05%, and it has shown a significant decline of 13.24% over the past month. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also fallen sharply, down 49.65% compared to the 5-day average, indicating reduced investor participation. Despite a healthy long-term growth rate in operating profit of 42.83% and an attractive valuation, the stock has faced negative sentiment due to poor performance metrics, including the lowest operating profit to interest ratio and the highest debt-equity ratio in recent quarters.
Broader market context shows that Sandhar Technologies has underperformed significantly compared to the broader market, with a one-year return of -32.04% against a market decline of only -1.12%. This stark contrast highlights the stock's struggles relative to its peers, as it has consistently lagged behind the benchmark indices. The negative results reported in June, coupled with the stock's inability to recover in the face of a generally stable market, have contributed to its downward trajectory. While the company has shown profit growth, the overall market sentiment and specific financial challenges have led to a lack of confidence among investors, resulting in the current decline in stock price.