Why is Astra Microwave falling/rising?

As of 11-Jul, Astra Microwave Products Ltd is experiencing a decline in its stock price, currently at Rs 994.40, which reflects a decrease of Rs 32.6 or 3.17%. The stock has underperformed its sector by 2.04% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.69% during this period. The stock's performance over the past week shows a decline of 7.58%, and over the past month, it has fallen by 14.58%. Despite these short-term declines, the stock has shown strong long-term growth, with a year-to-date increase of 29.26% and a remarkable 373.75% rise over the last three years. The company's ability to service debt is strong, indicated by a low Debt to EBITDA ratio of 0.62 times, and it has demonstrated healthy operating profit growth at an annual rate of 32.76%. However, the recent drop in delivery volume by 23.43% against the five-day average suggests falling investor participation, which may be contributing to the current price decline.
In the broader market context, Astra Microwave's short-term performance has significantly lagged behind the benchmark, with the Sensex only declining by 1.12% over the past week and remaining nearly flat over the past month with a change of -0.02%. This stark contrast highlights the stock's recent struggles despite its strong historical performance and institutional backing, which stands at 20.61%. The stock's moving averages indicate a mixed picture, being higher than the 100-day and 200-day averages but lower than the shorter-term averages, suggesting volatility in the stock's price action. Overall, while Astra Microwave has a solid foundation for long-term growth, the recent price movements reflect short-term challenges that investors are currently facing.