Why is ASK Automotive falling/rising?

As of 18-Jul, ASK Automotive Ltd's stock price is currently at Rs 524.40, reflecting a decline of Rs 13.65 or 2.54%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 4.57% during this period. Today's trading saw the stock reach an intraday low of Rs 519.85, indicating a significant drop of 3.38%. Despite this short-term decline, the stock has shown strong performance over the longer term, with a 1-month return of 15.76% and a 1-year return of 38.91%. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 22.51%, and a low debt-to-EBITDA ratio of 1.01, which supports its ability to service debt effectively.
In the broader market context, ASK Automotive's recent performance contrasts with the benchmark index, the Sensex, which has only declined by 0.90% over the past week. This indicates that while the stock has faced short-term challenges, it has outperformed the market over the longer term, particularly with a year-to-date return of 10.50% compared to the Sensex's 4.63%. The stock's liquidity remains adequate for trading, and there has been a rise in investor participation, with delivery volume increasing by 10.1% against the 5-day average. However, the recent underperformance against its sector by 1.45% may be contributing to the current downward pressure on the stock price.