Why is Shankara Build. falling/rising?

As of 08-Oct, Shankara Building Products Ltd is experiencing a decline in its stock price, currently at Rs 148.65, which represents a decrease of 7.8 points or 4.99%. The stock has been on a downward trend, having lost 36.91% over the last nine days and underperformed its sector by 3.91% today. It opened with a loss of 4.99% and has not traded outside this price range. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company’s strong fundamentals, such as a low Debt to EBITDA ratio and impressive growth in net sales and profits, the recent decrease in promoter confidence, with a 9.07% reduction in their stake, may be contributing to the stock's decline.
In the broader market context, Shankara Building Products Ltd has significantly underperformed compared to the benchmark index, with a 1-week return of -18.50% against the Sensex's +0.98%. Over the past month, the stock has dropped 37.03%, while the benchmark has gained 1.22%. This stark contrast highlights the stock's struggles despite its positive long-term performance, as it generated a 23.31% return over the past year while the broader market returned only 0.17%. The declining investor participation, evidenced by a 45.07% drop in delivery volume, further exacerbates the stock's challenges in the current market environment.