Why is AXISCADES Tech. falling/rising?

As of 01-Aug, AXISCADES Technologies Ltd is experiencing a decline in its stock price, currently at 1,290.00, which reflects a decrease of 38.0 points or 2.86%. Today's trading has shown significant volatility, with the stock reaching an intraday high of Rs 1,369 and a low of Rs 1,273. The stock has underperformed its sector by 1.26% today and has fallen after two consecutive days of gains. Over the past week, the stock has decreased by 6.45%, and despite a strong year-to-date return of 102.83%, it has faced a decline of 10.73% over the past month. The company's strong financials, including a low Debt to EBITDA ratio and positive quarterly results, suggest a solid foundation, but the recent price movement indicates market pressures.
In the broader market context, AXISCADES Technologies Ltd's short-term performance has been notably weaker than the benchmark, with a 1-week decline of 6.45% compared to the Sensex's smaller drop of 1.06%. This underperformance in the short term contrasts with the company's impressive long-term returns, where it has outperformed the BSE500 over various periods, including a remarkable 128.80% return over the past year. The combination of high volatility, recent price declines, and sector underperformance suggests that while the company has strong fundamentals, current market sentiment may be impacting investor confidence, leading to the observed decline in stock price.