Why is Tirupati Starch falling/rising?

As of 17-Sep, Tirupati Starch & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 196.40, which reflects a decrease of Rs 18.55 or 8.63%. The stock has underperformed its sector by 7.95% today and has been on a downward trend, losing 7.58% over the past two days. It opened with a significant loss of 5.09% and reached an intraday low of Rs 195, indicating weak investor sentiment. Despite a strong performance over the past year with a return of 19.98% and impressive profit growth of 1166%, the stock is currently facing falling investor participation, as evidenced by a drastic drop in delivery volume by 98.19% against the 5-day average.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has gained 1.56% over the past week. While Tirupati Starch has shown consistent returns over the last three years and is trading at a discount compared to its peers, the recent price drop suggests that investors may be reacting to short-term volatility rather than the company's strong fundamentals. The stock's liquidity remains adequate for trading, but the current negative sentiment and declining volume may be overshadowing its positive quarterly results and fair valuation metrics.