Why is Aris Interna. falling/rising?

As of 10-Jul, Aris International Ltd's stock price is currently at 585.85, reflecting a decrease of 11.95, or 2.0%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 3.96%. It opened with a loss of 2% today and reached an intraday low of Rs 585.85, indicating a lack of upward momentum. Additionally, the stock has underperformed its sector by 1.98%. Despite a strong performance over the longer term, with year-to-date returns of 738.61% and one-year returns of 870.43%, the recent decline suggests a shift in investor sentiment, further compounded by a significant drop in delivery volume, which fell by 81.59% against the five-day average.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.06% over the past week. While Aris International Ltd has outperformed the Sensex over longer periods, the recent two-day decline indicates a potential short-term correction. The stock's current liquidity is adequate for trading, but the falling investor participation may signal caution among traders, contributing to the stock's recent price drop. Overall, the combination of negative short-term performance and reduced investor engagement appears to be driving the stock's decline.