Why is Balu Forge falling/rising?

As of 13-Jun, Balu Forge Industries Ltd is experiencing a decline in its stock price, currently at 677.15, which reflects a decrease of 85.55 points or 11.22%. Today's price summary indicates that the stock has underperformed its sector by 9.5% and has fallen after four consecutive days of gains. It opened with a significant loss of 7.41% and reached an intraday low of Rs 657.5, marking a drop of 13.79%. Despite a strong performance over the past year with a return of 123.67%, the stock has faced challenges recently, including a 14.47% decline year-to-date. The company's low debt-to-equity ratio and consistent growth in net sales and operating profit are positive factors; however, the recent drop in delivery volume by 38.93% against the 5-day average suggests waning investor interest, contributing to the current price decline.
In the broader market context, Balu Forge's short-term performance has been relatively better than the benchmark, with a 1-week return of 0.18% compared to the Sensex's decline of 1.30%. However, the stock's year-to-date performance is notably poor, contrasting with the Sensex's gain of 3.81%. This divergence indicates that while the company has shown strong long-term growth and consistent returns over the past three years, recent market conditions and investor sentiment have negatively impacted its stock price in the short term.