Why is Sumuka Agro falling/rising?

As of 14-Jul, Sumuka Agro Industries Ltd is experiencing a price increase, currently at 225.95, reflecting a rise of 1.95 (0.87%). The stock has shown positive momentum, gaining for the last two days with a total return of 2.24%. Today, it opened with a significant gap up of 4.46% and reached an intraday high of Rs 234. However, it also touched a low of Rs 217, indicating some volatility. Despite a recent 5.76% decline over the past week, the stock has performed well year-to-date with a return of 12.97%. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 29.12%, and has shown healthy long-term growth with net sales increasing at an annual rate of 128.89%. Nonetheless, it faces challenges such as a decline in profits and falling participation from institutional investors, which may impact investor sentiment.
In the broader market context, while Sumuka Agro has outperformed the sector today, it has underperformed the benchmark Sensex over the past week, which declined by 1.42%. The stock's year-to-date performance of 12.97% is notably higher than the Sensex's 5.27%, indicating that despite recent volatility, it has maintained a strong position relative to the market over a longer period. However, the recent drop in institutional investor participation and the company's expensive valuation compared to peers may create headwinds for sustained growth, suggesting that while the stock is rising in the short term, there are underlying factors that could affect its future performance.