Why is Alfa Ica (I) falling/rising?

As of 04-Jul, Alfa Ica (India) Ltd is currently priced at 105.24, reflecting a decrease of 12.0, or 10.24%. Today's price summary indicates that the stock opened with a gain of 4.91% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock has shown high volatility, trading within a wide range of Rs 20.35, with a day's low of Rs 102.65. Despite this decline, the stock has outperformed the benchmark Sensex over various periods, including a 57.78% return over the past year. However, the company's profits have decreased by 14.8%, which may contribute to the current price drop despite strong sales and operating profit figures.
In the broader market context, while Alfa Ica has shown a strong performance over the past year compared to the Sensex, which has only increased by 4.23%, the stock has underperformed its sector today by 9.96%. The significant rise in delivery volume suggests increased investor participation, but the recent profit decline could be causing concern among investors. Overall, while the stock has demonstrated consistent returns over the last three years and is trading at a discount compared to its peers, the current price movement reflects a reaction to recent profit declines and market volatility.