Why is Saregama India falling/rising?

As of 12-Aug, Saregama India Ltd is experiencing a decline in its stock price, currently at 479.50, which reflects a decrease of 6.4 points or 1.32%. The stock has underperformed its sector by 0.64% today and has been on a downward trend for the last two days, resulting in a total decline of 3.52%. Additionally, Saregama India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company's recent financial performance has also contributed to this decline, with net sales and profit after tax falling significantly compared to previous quarters. Despite having a low debt-to-equity ratio and high institutional holdings, the stock's expensive valuation and poor quarterly results have raised concerns among investors.
In the broader market context, Saregama India's short-term performance shows a slight increase of 0.05% over the past week, while the benchmark Sensex has decreased by 0.59%. Over the past month, Saregama has underperformed the benchmark, with a decline of 2.53% compared to the Sensex's 2.75% drop. This underperformance, combined with falling investor participation and liquidity issues, suggests a cautious outlook among investors. The stock's long-term performance remains strong, with a 913.21% increase over the past five years, but current trends indicate that investors are reacting negatively to recent financial results and valuation concerns.