Why is Sar Televenture falling/rising?

As of 23-Oct, Sar Televenture Ltd's stock price is currently at Rs. 171.00, reflecting a decline of Rs. 14.1 or 7.62%. The stock has recently hit a new 52-week low of Rs. 162 and is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has underperformed its sector by 6.37%, and its delivery volume has significantly decreased by 85.8% compared to the 5-day average, suggesting a lack of investor interest. Furthermore, the stock has experienced substantial losses, with a year-to-date return of -34.65% and a one-year return of -42.54%, highlighting its underperformance relative to the broader market.
In the broader market context, the Sensex has shown a positive return of 1.20% over the past week and 2.87% over the past month, contrasting sharply with Sar Televenture's negative performance. This disparity indicates that the stock is not only lagging behind the benchmark but also struggling to attract investor confidence. While the company has demonstrated healthy long-term growth in net sales and operating profit, the flat results reported in March and the overall underperformance in both the near and long term have contributed to the stock's decline. The stock's valuation appears attractive with a low Price to Book Value, but the negative sentiment and poor recent performance overshadow these positive factors.