Why is SRF falling/rising?

As of 12-Aug, SRF Ltd. is experiencing a decline in its stock price, currently at 2,842.30, reflecting a decrease of 34.7 points or 1.21%. The stock has underperformed its sector by 1.37% today, and its delivery volume has significantly decreased by 46.67% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 6.56%, and over the past month, it has seen a decline of 10.59%. Despite a strong year-to-date performance of 27.41% and a solid annual return of 11.17%, the recent negative trends in short-term performance and liquidity suggest a shift in investor sentiment. The company maintains high management efficiency with a return on capital employed (ROCE) of 17.30% and a low debt-to-EBITDA ratio of 1.23 times, which supports its ability to service debt and indicates healthy long-term growth potential.
In the broader market context, the Sensex has only declined by 0.59% over the past week and 2.75% over the past month, suggesting that the overall market is not experiencing as severe a downturn as SRF Ltd. This underperformance relative to the benchmark may be contributing to the stock's current price decline. Additionally, while institutional holdings are strong at 37.13%, indicating confidence from larger investors, the recent drop in delivery volume may reflect a cautious approach from retail investors. Overall, the combination of short-term underperformance, reduced trading activity, and market conditions appears to be influencing SRF's stock price negatively.