Why is Suraj Products falling/rising?

As of 30-Jul, Suraj Products Ltd. is currently priced at 280.00, showing no change (0.00%). The stock has underperformed its sector today, with a performance decline of -0.59%. It is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by -2.10%, while it has seen a slight increase of +0.43% over the past month. However, the stock has significantly underperformed over the year, with a return of -56.24%, compared to a minimal increase of +0.03% in the broader market. Despite a high management efficiency indicated by a ROCE of 22.97% and a low Debt to EBITDA ratio of 1.02, the stock's negative performance is attributed to a substantial profit decline of -25.9% over the past year.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500, which recorded a negative return of -2.34% over the last year. This stark difference highlights the challenges faced by Suraj Products, particularly following negative results reported in March, where both PBT and PAT showed significant declines. The stock is currently trading at a discount compared to its peers, but the persistent underperformance and falling profits suggest that investor sentiment remains cautious, contributing to the stock's stagnant price movement.