Why is Solid Stone Co falling/rising?

As of 13-Aug, Solid Stone Company Ltd is experiencing a decline in its stock price, currently at Rs 31.71, which represents a decrease of 2.29 or 6.74%. The stock has shown significant volatility today, with an intraday high of Rs 34.9 and a low of Rs 30.7, indicating a wide trading range of Rs 4.2. Additionally, the stock has underperformed its sector by 7.75% today and has been trading below all major moving averages. Over the past week, the stock has decreased by 8.09%, and its year-to-date performance shows a decline of 11.92%. While there were some positive financial indicators, such as a higher PAT and growth in net sales, the overall trend reflects a drop in investor participation, with delivery volume falling by 95.27% against the five-day average.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.01% over the past week. This stark contrast highlights Solid Stone Company's struggles, as it has significantly underperformed the benchmark index. The stock's year-to-date return is notably negative at -11.92%, while the Sensex has gained 3.07% in the same period. The company's attractive valuation metrics, such as a low enterprise value to capital employed ratio, suggest potential value; however, the persistent decline in profits and the majority ownership by promoters may contribute to investor hesitance, further exacerbating the stock's downward movement.