Why is Anand Rayons falling/rising?

As of 07-Nov, Anand Rayons Ltd's stock price is currently at Rs 429.00, reflecting a decline of Rs 11.45 or 2.6%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.56% during this period. Today's trading saw the stock reach an intraday low of Rs 418.45, indicating a significant downward movement. Despite this decline, there has been a notable increase in investor participation, with delivery volume rising by 86.96% compared to the five-day average. The stock's performance over the past week shows a decrease of 5.39%, while its year-to-date return remains strong at 185.05%, suggesting that recent declines may not overshadow its overall positive trajectory.
Broader market context indicates that while Anand Rayons has experienced a short-term downturn, the benchmark Sensex has only decreased by 0.86% over the same week. This suggests that the stock's recent performance is not entirely reflective of broader market trends, as it has significantly underperformed the benchmark in the short term. However, over longer periods, Anand Rayons has outperformed the Sensex, with impressive returns of 792.45% over the past year compared to the Sensex's 4.62%. This contrast highlights the stock's volatility and potential for recovery, despite its current challenges.