Why is Upsurge Invest. falling/rising?

As of 18-Jul, Upsurge Investment & Finance Ltd is experiencing a decline in its stock price, currently at Rs 116.60, which reflects a decrease of Rs 4.05 or 3.36%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total drop of 15.20% over that period. Today, it opened with a significant loss of 4.97%, reaching an intraday low of Rs 114.65. Additionally, the stock's delivery volume has decreased sharply by 80.32% compared to the five-day average, indicating a drop in investor participation. Despite a strong long-term fundamental strength, with an average return on equity of 19.32% and healthy growth in net sales and operating profit, the recent flat quarterly results have raised concerns. The company reported a drastic fall in profit after tax and operating profit margins, contributing to the stock's negative momentum.
In the broader market context, the stock's performance has been notably poor in the short term, with a 15.20% decline over the past week, while the benchmark Sensex has only decreased by 0.90%. Although the stock has shown strong long-term performance, outperforming the BSE500 over the past three years, one year, and three months, the recent quarterly results have overshadowed these achievements. The stock's current valuation is at a premium compared to its peers, which may also be affecting investor sentiment. Overall, the combination of declining short-term performance, reduced investor participation, and disappointing quarterly results has led to the stock's recent downward trend.