Why is Avalon Tech falling/rising?

As of 12-Aug, Avalon Technologies Ltd is currently priced at 879.00, reflecting a decrease of 14.3 points or 1.6%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 8.04% during this period. It opened with a loss of 2.03% today and reached an intraday low of Rs 875.2. Despite showing positive returns over the past week and month, with increases of 2.72% and 2.93% respectively, the year-to-date performance remains negative at -9.29%. The stock's delivery volume has also decreased significantly, indicating falling investor participation, which may contribute to the downward price movement. However, it is worth noting that the company has reported strong financial results over the last four quarters, with substantial growth in both profit after tax and net sales, alongside a low debt-to-equity ratio.
In the broader market context, Avalon Technologies has outperformed the benchmark Sensex over the past year, achieving an impressive return of 85.05% compared to the Sensex's modest gain of 0.74%. However, the stock has underperformed the sector today by 0.43%, which may reflect a temporary market correction or profit-taking by investors after its strong performance. The overall market has faced negative returns, with the BSE500 index down by 2.11% in the last year, which contrasts with Avalon’s strong historical performance. This discrepancy suggests that while the company has strong fundamentals, current market conditions and investor sentiment may be influencing the stock's recent decline.