Why is Accent Microcell falling/rising?

As of 04-Aug, Accent Microcell Ltd is currently priced at 305.05, reflecting a decrease of 6.9 points or 2.21%. The stock has been underperforming its sector by 2.1% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 3.01%. Despite opening with a gain of 2.2% and reaching an intraday high of Rs 318.9, the stock also hit a low of Rs 295.1, indicating significant volatility. The stock has shown strong performance over the past week and month, with returns of 9.75% and 13.11%, respectively, but the recent decline suggests a shift in investor sentiment, possibly exacerbated by falling delivery volumes, which have decreased by 19.7% against the five-day average.
In the broader market context, Accent Microcell's performance contrasts with the Sensex, which has only gained 0.17% over the past week and declined by 2.90% over the past month. While the stock has outperformed the benchmark in the year-to-date and one-year periods, the recent price drop indicates a potential correction after a strong run. The liquidity of the stock remains adequate, allowing for trading, but the falling investor participation may signal caution among traders, contributing to the stock's current downward movement.