Why is Tirupati Starch falling/rising?

As of 23-Sep, Tirupati Starch & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 194.00, which reflects a decrease of Rs 8.65 or 4.27%. Today's price summary indicates that the stock has underperformed its sector by 3.71% and opened with a loss of 4.39%. After three consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 190, which is a drop of 6.24%. Despite a strong performance over the past year, with a return of 23.88% and significant profit growth, the recent decline can be attributed to falling investor participation, as evidenced by a 51.61% drop in delivery volume compared to the five-day average.
In the broader market context, the stock's performance over the past week shows a decline of 9.75%, while the benchmark Sensex has only decreased by 0.34%. This indicates a significant underperformance relative to the market. However, the stock has shown strong long-term performance, outperforming the BSE500 over various periods, including a remarkable 170.19% increase over three years. Despite the current downturn, the company's positive financial results and fair valuation relative to peers suggest that the stock may be positioned for recovery in the longer term, although short-term pressures are currently impacting its price.