Why is Balu Forge falling/rising?

As of 03-Jul, Balu Forge Industries Ltd is experiencing a decline in its stock price, currently at Rs 695.45, which reflects a decrease of Rs 8.1 or 1.15%. The stock has underperformed its sector by 1.17% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.54% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable 95.19% increase over the past year and an impressive 980.73% rise over the last three years. The company has maintained a low debt-to-equity ratio and reported healthy growth in net sales and operating profit, which supports its long-term stability and growth potential.
In the broader market context, Balu Forge's short-term performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.62% over the past week, while Balu Forge has gained 4.95% during the same period. However, the stock's year-to-date performance shows a decline of 12.16%, while the Sensex has increased by 6.53%. This indicates that while Balu Forge has had some recent positive momentum, its overall year-to-date performance remains weak compared to the broader market. The liquidity of the stock appears sufficient for trading, with a notable increase in delivery volume, suggesting that investor participation remains robust despite the recent price drop.