Why is Avonmore Capital falling/rising?

As of 02-Jul, Avonmore Capital & Management Services Ltd is experiencing a decline in its stock price, currently at 19.34, which reflects a decrease of 0.36 or 1.83%. Today's price summary indicates that the stock has underperformed its sector by 0.6% and has seen a trend reversal after six consecutive days of gains. Despite this recent downturn, the stock has shown strong performance over the past year, generating a return of 66.52%, significantly outperforming the benchmark Sensex, which returned only 5.00%. The stock's moving averages indicate it is currently above the 5-day, 20-day, and 200-day moving averages but below the 50-day and 100-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 869.21% against the 5-day average, suggesting heightened interest despite the current price drop.
In the broader market context, the stock's recent performance contrasts with the benchmark's modest gain of 0.79% over the past week. While Avonmore has shown impressive long-term growth with an average return on equity of 15.41% and a healthy operating profit growth rate of 36.98%, the recent price decline may reflect profit-taking after a strong upward trend. The promoters' increased stake in the company by 0.57% signals confidence in its future, which could provide support for the stock in the long run. However, the short-term volatility and recent underperformance against the sector may be contributing to the current price decline.