Why is Addi Industries falling/rising?

As of 11-Sep, Addi Industries Ltd is experiencing a decline in its stock price, currently at 115.00, which represents a decrease of 3.0 or 2.54%. The stock has underperformed its sector by 3.03% today, following a trend reversal after three consecutive days of gains. It opened with a significant loss of 4.24% and has traded within a wide range of Rs 11.5, reaching a day's high of Rs 123.85 and a low of Rs 112.35. Despite this decline, the stock has shown strong performance over the year-to-date with a return of 174.73%, although it has decreased by 5.54% over the past month. The recent increase in delivery volume by 18.81% indicates rising investor participation, which may provide some support despite the current price drop.
In the broader market context, Addi Industries' recent performance contrasts with the Sensex, which has gained 1.03% over the past week. While the stock has outperformed the benchmark significantly on a year-to-date basis, its recent underperformance in the short term suggests a divergence from the overall market trend. The stock's higher moving averages indicate a longer-term bullish sentiment, but the current short-term fluctuations reflect market volatility and investor sentiment shifts. Overall, the combination of recent losses and the broader market's modest gains may be contributing to the stock's current downward movement.