Why is SRF falling/rising?

As of 08-Aug, SRF Ltd. is experiencing a decline in its stock price, currently at Rs 2,850.00, which reflects a decrease of Rs 58.3 or 2.0%. The stock has been on a downward trend, losing value for the last four consecutive days and recording a total decline of 6.59% during this period. Additionally, the stock's performance over the past week shows a decrease of 4.49%, while its one-month return is down by 13.29%. Despite these short-term challenges, the company has demonstrated strong long-term growth, with a year-to-date increase of 27.75% and a one-year return of 11.55%. Factors contributing to the recent price movement include a lower than average delivery volume, indicating falling investor participation, and the stock's performance being in line with a sector that has also seen a decline of 2.18%.
In the broader market context, SRF's recent performance contrasts with the benchmark Sensex, which has only decreased by 0.92% over the past week and 4.60% over the past month. This indicates that SRF is underperforming relative to the market. However, the company maintains a strong financial position with high management efficiency, a low debt-to-EBITDA ratio, and healthy long-term growth metrics, which could support its stock in the future. The presence of high institutional holdings at 37.13% suggests that knowledgeable investors are backing the company, despite the recent price declines. Overall, while SRF is currently facing downward pressure, its fundamentals remain solid, indicating potential for recovery in the long run.