Why is Suraj Estate falling/rising?

As of 31-Jul, Suraj Estate Developers Ltd is experiencing a decline in its stock price, currently at Rs 291.15, reflecting a decrease of Rs 5.85 or 1.97%. Today's price summary indicates that the stock opened with a gain of 4.33%, reaching an intraday high of Rs 309.85, but subsequently fell to a low of Rs 288, showcasing high volatility with an intraday fluctuation of 5.4%. Over the past week, the stock has underperformed significantly, with a return of -9.65%, and has generated a staggering -58.29% return over the last year, while profits have increased by 35%. However, the stock's recent performance is marred by flat results in the latest quarter, with both profit before tax and profit after tax showing declines compared to previous averages. Additionally, institutional investors have reduced their stake, indicating a lack of confidence in the stock's prospects.
In the broader market context, Suraj Estate's short-term performance is notably worse than the benchmark, with the Sensex only declining by 1.22% over the same week. The stock's long-term underperformance is also evident, as it has lagged behind the BSE500 in returns over the last three years, one year, and three months. The falling participation from institutional investors, who possess greater analytical resources, further exacerbates the stock's challenges, suggesting that the market sentiment remains negative. Overall, the combination of high volatility, declining investor participation, and poor performance metrics contributes to the stock's downward trajectory.