Why is Shankara Build. falling/rising?

As of 10-Oct, Shankara Building Products Ltd is experiencing a decline in its stock price, currently at Rs 134.95, which represents a decrease of Rs 10.3 or 7.09%. The stock has been underperforming significantly, having fallen for the last 11 consecutive days, resulting in a total decline of 42.72% during this period. Today's trading saw the stock reach a high of Rs 152.8 and a low of Rs 133.75, indicating high volatility with an intraday fluctuation of 7.82%. Additionally, the stock has underperformed its sector by 6.98% today and has shown poor returns over various periods, including a 44.01% decline over the past month compared to a modest gain of 1.32% in the Sensex. While the company has demonstrated strong financial metrics, 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 downward trend.
In the broader market context, Shankara Building Products Ltd's recent performance starkly contrasts with the benchmark, as the Sensex has gained 1.59% over the past week while the stock has dropped 22.13%. This disparity highlights the stock's struggles relative to the overall market, which has remained resilient. Despite the company's positive financial indicators and a history of generating returns that outpace the broader market over the past year, the ongoing decline in stock price suggests that investor sentiment is currently overshadowed by concerns regarding promoter confidence and recent performance trends.