Why is AXISCADES Tech. falling/rising?

As of 30-Sep, AXISCADES Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,596.65, which reflects a decrease of Rs 50.15 or 3.05%. Today's price movement has been characterized by high volatility, with the stock opening up by 2.92% but subsequently reaching a day's low of Rs 1,578.9, indicating a significant intraday fluctuation of 5.37%. Despite this drop, the stock has shown strong performance over the longer term, with a remarkable 167.80% return over the past year and a 151.05% increase year-to-date. The company has also demonstrated a strong ability to service its debt, with a low Debt to EBITDA ratio of 0.67 times and consistent positive results over the last five quarters, contributing to its overall market resilience.
In the broader market context, AXISCADES has underperformed the Sensex in the short term, with a 5.39% decline over the past week compared to the benchmark's 2.23% drop. However, the stock's long-term performance remains robust, significantly outperforming the BSE500 over various periods, including a staggering 831.53% increase over the last three years. This contrast highlights that while the stock is currently facing short-term challenges, its historical performance and strong fundamentals suggest a potential for recovery and continued investor interest in the future.