Why is Sayaji Hot. Pune falling/rising?

As of 23-Jun, Sayaji Hotels (Pune) Ltd is currently priced at 782.00, reflecting a decrease of 0.8, or 0.1%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 4.4% during this period. Furthermore, the stock has underperformed significantly against the benchmark, with a one-week return of -2.13% compared to the Sensex's +0.12%, and a one-month return of -8.75% against the Sensex's +0.22%. The company's financial performance shows a concerning trend, with a recent PAT decline of 18.3% and a low operating profit margin, which may contribute to investor sentiment leaning towards selling. Despite having a high management efficiency indicated by a ROE of 23.11% and a low debt-to-equity ratio, the overall growth metrics, including a modest annual sales growth of 8.10%, suggest poor long-term prospects.
In the broader market context, the stock's performance has been consistently below that of the benchmark indices, with a year-to-date return of -1.64% compared to the Sensex's +4.81%. This consistent underperformance, coupled with a high price-to-book value ratio of 2.9, indicates that the stock may be perceived as overvalued relative to its earnings growth. The rising investor participation, evidenced by a significant increase in delivery volume, suggests some interest in the stock; however, the overall negative sentiment driven by recent financial results and historical performance against the benchmark continues to weigh heavily on its price movement.