Why is Suraj Estate falling/rising?

As of 28-Jul, Suraj Estate Developers Ltd is experiencing a decline in its stock price, currently at Rs 293.95, reflecting a decrease of Rs 23.05 or 7.27%. The stock has underperformed its sector by 3.93% today and has been on a downward trend, falling for the last two days with a total return drop of 8.78%. Over the past week, the stock has decreased by 8.99%, and in the last month, it has seen a significant decline of 20.20%. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 33.98% compared to the five-day average. Despite a fair valuation indicated by a ROCE of 15 and a PEG ratio of 0.6, the stock's performance has been poor, generating a return of -55.90% over the past year, while profits have increased by 35%. However, the recent quarterly results show a decline in profit before tax and profit after tax compared to previous averages, contributing to the negative sentiment.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark, with the Sensex only declining by 1.59% over the past week. The construction and real estate sector has also faced a downturn, falling by 3.36%. Institutional investors have reduced their stake in Suraj Estate by 0.69%, indicating a lack of confidence from larger investors who typically have more resources to assess company fundamentals. This decline in institutional participation, combined with the stock's underperformance relative to both the BSE500 and its own historical returns, suggests a challenging environment for Suraj Estate Developers Ltd, leading to its current price decline.