Why is Suraj Products falling/rising?

As of 30-Jun, Suraj Products Ltd. is experiencing a decline in its stock price, currently at Rs 278.80, reflecting a decrease of Rs 1.2 or 0.43%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 3.85% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week low, just 3.3% away from Rs 269.6. Over the past year, Suraj Products has generated a staggering return of -59.60%, with profits falling by 25.9%, indicating significant challenges in its financial performance. Despite having a high management efficiency and a strong ability to service debt, the negative results and underperformance relative to the market have contributed to the stock's decline.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -59.60% against the BSE 500's positive return of 3.95%. This stark contrast highlights the difficulties faced by Suraj Products in attracting investor confidence, especially given its recent negative financial results and the overall market's upward trend. While there has been a rise in investor participation, as indicated by a substantial increase in delivery volume, it has not been enough to counteract the stock's downward trajectory. The combination of poor recent performance and a lack of recovery signals in the context of a generally positive market environment suggests that investor sentiment remains cautious regarding Suraj Products Ltd.