Why is Sukhjit Starch falling/rising?

As of 11-Aug, Sukhjit Starch & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs. 166.50, which represents a decrease of 4.45 (-2.6%). The stock has hit a new 52-week low today and has underperformed its sector by 3.64%. Over the past week, the stock has fallen by 4.50%, and its year-to-date performance shows a significant decline of 37.05%. The company's recent financial results have also been disappointing, with a sharp drop in profit before tax and profit after tax compared to previous quarters. Additionally, the stock's valuation appears attractive with a return on capital employed of 9.8, but the overall negative sentiment is compounded by a consistent underperformance against benchmarks over the last three years.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 4.50% compared to the Sensex's minor drop of 0.51%. This trend of underperformance is further highlighted by the stock's year-to-date return of -37.05% against the Sensex's positive return of 3.15%. The lack of investor participation, as indicated by a significant drop in delivery volume, suggests a lack of confidence among investors, which may be influencing the stock's downward trajectory. Overall, the combination of poor financial results, declining investor interest, and consistent underperformance relative to the market is contributing to the stock's current decline.