Why is SRM Contractors falling/rising?

As of 04-Jul, SRM Contractors Ltd is currently priced at Rs 485.60, reflecting a decrease of Rs 11.85 or 2.38%. The stock has underperformed its sector today by 2.25% and has experienced a consecutive decline over the last two days, resulting in a total drop of 3.15%. Despite this recent downturn, the stock has shown strong performance over the past month, with a return of 10.53%, and an impressive annual return of 175.28%. The company has reported positive financial results, including significant growth in operating profit and net sales, which suggests a healthy long-term outlook. However, the recent decline may be influenced by falling investor participation, particularly from institutional investors, who have reduced their stake in the company.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has outperformed the Sensex over the past week with a return of 1.78% compared to the benchmark's decline of 0.74%. Nevertheless, the recent price drop indicates a potential shift in investor sentiment, possibly due to the declining participation from institutional investors, which could affect the stock's stability moving forward. Overall, while SRM Contractors has demonstrated strong growth metrics and market-beating performance over the past year, the current price movement reflects a combination of short-term selling pressure and reduced investor confidence.