Why is Axel Polymers falling/rising?

As of 07-Aug, Axel Polymers Ltd is experiencing a decline in its stock price, currently at Rs 53.54, reflecting a decrease of Rs 1.09 or 2.0%. The stock has underperformed its sector by 1.64% today and has seen a trend reversal after 13 consecutive days of gains. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this drop. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 448.96% compared to the 5-day average. However, the stock's year-to-date performance shows a slight decline of 1.31%, and its one-year return is down by 13.23%, which may contribute to investor sentiment.
In the broader market context, the Sensex has shown a slight decline of 0.69% over the past week, while Axel Polymers has outperformed with a gain of 6.04% in the same period. Over the past month, Axel Polymers has increased by 23.36%, contrasting with the Sensex's drop of 3.38%. This indicates that while the stock has been performing well in the short term relative to the benchmark, the recent price drop may be a correction after a strong rally. The overall market conditions and the stock's recent performance suggest that while there are positive indicators, the current decline may be a natural adjustment following a period of significant gains.