Why is Bajel Projects falling/rising?

As of 07-Jul, Bajel Projects Ltd is currently priced at Rs 242.00, reflecting a decrease of Rs 6.3 or 2.54%. The stock has underperformed its sector today by 2.17% and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 240.1, which is a decline of 3.3%. Over the past week, the stock has shown a positive return of 1.40%, and over the last month, it has increased by 12.66%. Despite these short-term gains, the stock has a year-to-date decline of 11.61% and a one-year decline of 24.59%. The company benefits from a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 97.90% and operating profit at 72.86%.
In the broader market context, Bajel Projects' recent performance contrasts with the Sensex, which has shown a slight decline of 0.20% over the past week and a gain of 1.53% over the past month. While Bajel Projects has outperformed the benchmark in the short term, the overall year-to-date performance indicates a significant lag compared to the Sensex's 6.79% increase. The rising investor participation, evidenced by a 128.14% increase in delivery volume, suggests growing interest in the stock, but the current price drop indicates potential profit-taking or market corrections following its recent gains.