Why is Balu Forge falling/rising?

As of 08-Jul, Balu Forge Industries Ltd is experiencing a decline in its stock price, currently at 681.70, reflecting a decrease of 3.3 points or 0.48%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 4.47% during this period. Additionally, the stock's performance today underperformed its sector by 0.25%. Despite having a strong long-term growth trajectory with a net sales growth rate of 47.93% and positive results over the last ten quarters, the stock's year-to-date performance shows a significant decline of 13.90%, which contrasts sharply with its impressive one-year return of 73.70%. The stock is currently trading below its 5-day and 20-day moving averages, indicating a bearish trend.
In the broader market context, Balu Forge's short-term performance has lagged behind the benchmark, with a 1-week return of -3.75% compared to a slight increase of 0.02% in the Sensex. This underperformance is compounded by a decrease in investor participation, as evidenced by a 13.35% drop in delivery volume against the 5-day average. While the company maintains a low debt-to-equity ratio and has shown consistent returns over the past three years, the recent decline in stock price suggests that investor sentiment may be cautious, likely influenced by the recent consecutive losses and lower trading volumes.