Why is Suraj Estate falling/rising?

As of 15-Oct, Suraj Estate Developers Ltd is currently priced at Rs. 273.60, with no change in price (0.00%). The stock has recently hit a new 52-week low of Rs. 269.15 and has underperformed its sector by 2.55%. Over the past week, the stock has decreased by 1.85%, and it has seen a significant decline of 65.77% over the past year. Despite a 35% increase in profits, the stock's performance remains poor, with a PEG ratio of 0.6 indicating a very attractive valuation. However, negative factors such as a 15.1% drop in PAT and a decrease in institutional investor participation by 0.69% have contributed to the stock's downward trend.
In the broader market context, the Sensex has gained 1.02% over the past week, contrasting sharply with Suraj Estate's decline. The construction and real estate sector has seen a rise of 2.6%, further highlighting the stock's underperformance. The stock's liquidity is adequate for trading, but the falling delivery volume suggests waning investor interest. Overall, the combination of poor stock performance relative to benchmarks, declining institutional interest, and underwhelming financial results has led to a negative outlook for Suraj Estate Developers Ltd.