Why is Banco Products falling/rising?

As of 24-Jul, Banco Products (India) Ltd is experiencing a decline in its stock price, currently at Rs 639.00, which reflects a decrease of Rs 5.0 or 0.78%. The stock has underperformed its sector by 1.71% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.98%. Despite opening with a gain of 2.48% and reaching an intraday high of Rs 660.95, the stock's performance over the past week shows a loss of 3.84%. However, it has demonstrated strong long-term growth, with an impressive 85.20% return over the past year and a staggering 595.70% increase over the last three years. The company maintains a low Debt to EBITDA ratio of 0.55 times, indicating a strong ability to service its debt, alongside a healthy operating profit growth rate of 42.04%.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only seen a minor decline of 0.09% over the past week. While Banco Products has outperformed the benchmark significantly over longer periods, its short-term struggles may be attributed to recent market volatility and sector-specific challenges. The rising investor participation, as indicated by a 53.76% increase in delivery volume, suggests that there is still interest in the stock, despite its current price drop. Overall, while the stock has shown consistent returns and strong fundamentals, the recent price movement reflects short-term pressures that may not overshadow its long-term growth potential.