Why is Sayaji (Indore) falling/rising?

As of 26-Sep, Sayaji Hotels (Indore) Ltd is experiencing a decline in its stock price, currently at Rs 994.00, reflecting a decrease of Rs 51.95 or 4.97%. The stock has underperformed its sector by 2.49% today and has been on a downward trend, losing 9.72% over the past week. It has not traded on 3 out of the last 20 days, indicating erratic trading behavior. The stock opened with a gap down of 4.97% and has remained at this price level throughout the day. Additionally, it is trading below all key moving averages, which suggests a bearish sentiment among investors. The company's recent financial performance has also raised concerns, with a significant drop in PAT and net sales compared to previous quarters, alongside a weak long-term fundamental strength characterized by a low CAGR growth in operating profits.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 9.72% decline over the past week compared to a 2.66% drop in the Sensex. Over the past year, Sayaji Hotels has generated a return of -8.83%, underperforming the BSE500 index consistently for the last three years. The reduction in promoter stake by 2.72% further signals a lack of confidence in the company's future prospects, which may contribute to the stock's negative momentum. Overall, the combination of poor financial results, declining investor participation, and consistent underperformance against the benchmark has led to the stock's current downward trajectory.