Why is Balu Forge falling/rising?

As of 09-Jul, Balu Forge Industries Ltd is currently priced at 681.80, reflecting a slight increase of 0.1 (0.01%). The stock has shown a trend reversal, gaining after six consecutive days of decline. However, it has experienced a significant drop of 9.56% over the past month and a year-to-date decline of 13.89%. Despite these short-term challenges, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 47.93% and operating profit at 90.23%. The company has also declared positive results for the last ten consecutive quarters, contributing to its overall performance and investor confidence.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.32% over the past month and 6.91% year-to-date. While Balu Forge's short-term returns have lagged behind the benchmark, its long-term returns remain impressive, with a 73.07% increase over the past year and an extraordinary 804.84% rise over the last three years. The stock's liquidity appears adequate for trading, although there has been a notable decline in investor participation, with delivery volume falling by 63.33% against the five-day average. This combination of factors suggests that while the stock is currently experiencing a minor uptick, its recent performance has been affected by broader market trends and reduced investor engagement.