Why is Sayaji (Indore) falling/rising?

As of 28-Aug, Sayaji Hotels (Indore) Ltd is experiencing a decline in its stock price, currently at Rs 1,056.00, which reflects a decrease of Rs 50.5 or 4.56%. The stock has underperformed its sector by 4.03% today and has been on a downward trend for the last two days, accumulating a total return of -9.33% over the past week. Additionally, the stock opened with a loss of 4.11% today and reached an intraday low of Rs 1,056. The stock's performance over the past month shows a significant decline of 15.52%, while its year-to-date return remains positive at 44.46%. However, the recent financial results indicate a concerning trend, with a 32.3% drop in PAT and a 10.1% decrease in net sales compared to previous quarters, which contributes to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has also seen a decline of 2.34% over the past week, indicating a challenging environment for equities overall. However, Sayaji Hotels' performance has been notably worse than the benchmark, suggesting company-specific issues are at play. The reduction in promoter confidence, evidenced by a 2.72% decrease in their stake, further exacerbates concerns about the company's future prospects. Coupled with weak long-term fundamentals and a high valuation relative to its return on equity, these factors contribute to the stock's recent downward movement, highlighting a lack of investor confidence in the company's growth trajectory.