Why is Suraj falling/rising?

As of 29-Jul, Suraj Ltd's stock price is currently at Rs 358.40, reflecting an increase of Rs 2.15 or 0.6%. However, today's performance indicates a significant decline, as the stock opened with a loss of 7.23% and touched an intraday low of Rs 330.5. Over the past week, the stock has underperformed the sector by 0.71%, and its returns over the last month show a decline of 8.85%. Despite a strong annual return of 47.61%, the company's profits have fallen by 55.6%, and it has declared negative results for the last two consecutive quarters, contributing to a perception of poor long-term growth. Additionally, the stock is trading below its moving averages, and there has been a notable drop in investor participation, with delivery volume decreasing by 50.24% compared to the five-day average.
In the broader market context, Suraj Ltd's short-term performance has been weaker than the benchmark Sensex, which has declined by only 1.03% over the same period. This underperformance is compounded by the company's high Debt to EBITDA ratio of 2.51 times, indicating a low ability to service debt, and a lack of domestic mutual fund investment, suggesting a lack of confidence in the stock's valuation. While the stock has shown consistent returns over the last three years, the recent negative financial results and declining sales growth have raised concerns among investors, leading to the stock's current volatility and downward pressure.