Why is Sumuka Agro falling/rising?

As of 08-Jul, Sumuka Agro Industries Ltd is experiencing a decline in its stock price, currently at 235.35, which reflects a decrease of 4.4 points or 1.84%. The stock has underperformed its sector by 1.65% today and has been on a consecutive downward trend for the last four days, accumulating a total loss of 6.05%. It opened the day with a significant gap down of 4.86% and reached an intraday low of Rs 227.8. Despite this, the stock has shown strong long-term performance, with a year-to-date increase of 17.67% and a remarkable 296.88% rise over the past three years. However, recent negative financial results, including a substantial drop in profit before tax and a decline in net sales, have contributed to the current downward pressure on the stock.
In the broader market context, while the Sensex has shown a slight increase of 0.02% over the past week, Sumuka Agro's short-term performance has been notably weaker, with a 5.48% decline in the same period. The stock's recent struggles are compounded by a decrease in institutional investor participation, which has fallen by 1.87% in the last quarter, indicating a lack of confidence among larger investors. Additionally, the stock is perceived as overvalued with a high price-to-book ratio, which may deter potential buyers. Despite its historical growth and management efficiency, the combination of negative financial results and declining institutional interest has led to the current sell-off in Sumuka Agro's shares.