Why is Auro Labs. falling/rising?

As of 18-Jul, Auro Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 282.85, reflecting a decrease of Rs 5.85 or 2.03%. The stock has underperformed its sector by 1.48% today and has been on a downward trend for the last two days, accumulating a total loss of 5.4% during this period. Despite this recent decline, Auro Labs has shown strong performance over the longer term, with a remarkable increase of 61.81% over the past year and an impressive 211.34% over the last three years. The company maintains a high management efficiency, evidenced by a return on capital employed (ROCE) of 24.16%, and a low debt to EBITDA ratio of 0.70 times, indicating a strong ability to service its debt.
In the broader market context, Auro Labs' short-term performance contrasts with the benchmark, as it has gained 6.74% over the past week while the Sensex has declined by 0.90%. This indicates that the stock has been relatively resilient compared to the overall market. However, the recent consecutive falls suggest some volatility, despite the stock trading above its moving averages across various time frames. The increase in investor participation, with a significant rise in delivery volume, may indicate underlying confidence in the stock, even as it faces short-term challenges.