Why is Sayaji (Indore) falling/rising?

As of 31-Jul, Sayaji Hotels (Indore) Ltd is experiencing a decline in its stock price, currently at 1,226.10, which reflects a decrease of 22.9 points or 1.83%. The stock has underperformed its sector by 1.18% today, with no price range movement since opening. Despite a significant rise in delivery volume by over 3200% against the 5-day average, the stock's performance over the past week shows a modest increase of 0.75%, while it has gained 4.79% over the past month. However, the company's long-term fundamentals appear weak, with a 6.87% CAGR growth in operating profits and a high price-to-book value ratio, indicating an expensive valuation. Additionally, a decrease in promoter confidence, as evidenced by a 2.72% reduction in their stake, may further contribute to the stock's downward pressure.
In the broader market context, the Sensex has declined by 1.22% over the past week, while Sayaji Hotels has managed a slight gain, suggesting some resilience relative to the benchmark. However, the stock's year-to-date return of 67.73% significantly outpaces the Sensex's 3.90%, indicating strong performance over a longer horizon. Despite this, the recent flat results and the reduction in promoter stake could be causing investors to reassess their positions, leading to the current price decline.