Why is Sanghvi Movers falling/rising?

As of 28-Jul, Sanghvi Movers Ltd is experiencing a decline in its stock price, currently at Rs 256.20, reflecting a decrease of Rs 4.7 or 1.8%. The stock has underperformed its sector by 0.47% today and has been on a consecutive downward trend for the last four days, with a total decline of 4.76% during this period. Additionally, the stock has touched an intraday low of Rs 253.2. Over the past week, it has seen a return of -4.01%, and in the last month, it has dropped by 10.29%. The company has reported negative results for the last three consecutive quarters, with a significant decline in profit after tax, which has contributed to the stock's poor performance. Furthermore, institutional investors have reduced their stake in the company, indicating a lack of confidence in its future prospects.
In the broader market context, the Sensex has fallen by 1.59% over the past week, suggesting that while Sanghvi Movers is underperforming, the overall market is also experiencing a downturn. However, the stock's year-to-date return of -16.47% starkly contrasts with the Sensex's positive return of 3.52%, highlighting its significant underperformance relative to the market. The company's ability to service debt remains strong, but the negative sentiment from declining profits and reduced institutional participation has overshadowed these positive factors, leading to the current decline in stock price.