Why is Aditya Birla Cap falling/rising?

As of 02-Jul, Aditya Birla Capital Ltd's stock price is currently at 273.90, reflecting a decline of 6.95 points or 2.47%. The stock has recently underperformed its sector by 1.24% and has experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 272.25, indicating a drop of 3.06% during the day. Despite this decline, the stock has shown strong performance over the past month, with a return of 22.25%, and has outperformed the benchmark Sensex over various periods, including a remarkable 203.49% increase over the last three years. However, the stock's profits have slightly decreased by 0.1% over the past year, and it is trading at a premium compared to its peers, which may be contributing to the current price movement.
In the broader market context, the Sensex has increased by 0.79% over the past week, indicating a relatively stable market environment. While Aditya Birla Capital has shown impressive long-term performance, the recent decline may be attributed to falling investor participation, as evidenced by a 29.38% drop in delivery volume compared to the five-day average. This decline in trading activity could signal a lack of confidence among investors, despite the company's strong fundamentals and long-term growth potential. Overall, while the stock has been a market-beater in the long term, its recent price drop suggests a temporary setback amidst broader market stability.