Why is Shankara Build. falling/rising?

As of 11-Aug, Shankara Building Products Ltd is experiencing a decline in its stock price, currently at Rs 1,061.10, which represents a decrease of Rs 38.9 or 3.54%. The stock has underperformed its sector by 1.62% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.66% during this period. Additionally, the stock touched an intraday low of Rs 1,025, reflecting a decrease of 6.82%. Over the past week, the stock has seen a significant drop of 11.35%, while it has shown a positive return of 3.86% over the past month. Despite strong long-term growth indicators, such as a 101.87% increase in net profit and a healthy debt servicing ability, the recent decrease in promoter confidence, with a 9.07% reduction in their stake, may be contributing to the stock's downward movement.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.51% over the same week. While Shankara Building Products has outperformed the benchmark in the long term, generating a 69.38% return over the past year compared to the Sensex's 1.13%, the recent negative sentiment surrounding the stock, particularly due to falling investor participation and declining promoter confidence, may be overshadowing its strong fundamentals. This combination of factors is likely influencing the stock's current downward trajectory.