Why is Anand Rayons falling/rising?

As of 02-Jul, Anand Rayons Ltd's stock price is currently at Rs 293.95, reflecting a decrease of Rs 10.05 or 3.31%. The stock has recently experienced a trend reversal, falling after five consecutive days of gains. It opened significantly lower today, down 8.44%, and reached an intraday low of Rs 278.35. Despite this decline, the stock has shown impressive performance over longer periods, with a 527.29% return over the past year and a 752.03% increase over the last five years. Positive factors include the highest quarterly PBDIT and operating profit to net sales, indicating strong operational performance, which may support the stock in the long term.
In the broader market context, Anand Rayons has outperformed the Sensex in both the short-term and long-term, with a 2.07% gain over the past week compared to the Sensex's 0.79%. However, today's performance underperformed its sector by 4.08%, which may have contributed to the stock's decline. The stock remains liquid enough for trading, and rising investor participation, as evidenced by a significant increase in delivery volume, suggests ongoing interest despite the current price drop. Overall, while the stock is facing short-term challenges, its strong historical performance and operational metrics indicate potential resilience.