Why is Advait Energy falling/rising?

As of 16-Jul, Advait Energy Transitions Limited's stock price is currently at Rs 2,034.85, reflecting a decrease of Rs 61.75 or 2.95%. The stock has underperformed its sector by 3.23% today, following a trend reversal after two consecutive days of gains. It reached an intraday high of Rs 2,140 but fell to a low of Rs 2,020, indicating volatility within the trading day. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 5.02% and 4.23%, respectively. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 55.10% and operating profit at 84.71%. Additionally, the company has reported positive results for the last two consecutive quarters, which may contribute to investor confidence despite the current price drop.
In the broader market context, Advait Energy's recent performance contrasts with the Sensex, which has declined by 1.08% over the past week and increased by only 1.02% over the past month. The stock's year-to-date return of 33.37% significantly outpaces the Sensex's 5.75%, indicating strong relative performance. However, the recent price decline may reflect profit-taking after a period of gains, as well as the stock's underperformance today compared to its sector. The liquidity of the stock remains adequate, with a delivery volume increase of 28.52% against the 5-day average, suggesting ongoing interest from investors despite the recent downturn.