Why is Suraj Estate falling/rising?

As of 10-Jul, Suraj Estate Developers Ltd's stock price is currently at 326.75, reflecting a decrease of 4.25, or 1.28%. The stock has been on a downward trend, having underperformed its sector by 1.75% today and experiencing a consecutive fall over the last three days, resulting in a total decline of 5.51%. Despite opening with a gain of 2.54% and reaching an intraday high of Rs 339.4, the stock fell to a low of Rs 323.8. The stock's performance over the past week shows a decline of 5.55%, and it has significantly underperformed the market over the past year, with a return of -48.56% compared to the Sensex's gain of 4.09%. The company's weak ability to service its debt, indicated by a poor EBIT to Interest ratio of 1.89, along with disappointing quarterly results, has contributed to the negative sentiment surrounding the stock.
In the broader market context, while the Sensex has shown resilience with a slight increase of 0.97% over the past month, Suraj Estate's performance has been markedly poor, with a 13.72% decline in the same period. This stark contrast highlights the stock's struggles relative to the overall market. The company's high management efficiency, indicated by a ROCE of 18.28%, is overshadowed by its expensive valuation and significant underperformance in profitability metrics, which have led to a negative outlook among investors. The stock's liquidity remains adequate, but the rising investor participation has not translated into positive price movement, further emphasizing the challenges faced by Suraj Estate Developers Ltd in the current market environment.