Why is Bansal Wire Inds falling/rising?

As of 22-Jul, Bansal Wire Industries Ltd is experiencing a decline in its stock price, currently at Rs 408.75, which reflects a decrease of Rs 6.55 or 1.58%. The stock has underperformed its sector by 1.18% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.33%. Despite opening with a gain of 2.09% and reaching an intraday high of Rs 431.95, it also touched a low of Rs 405.6. Over the past month, the stock has shown a positive return of 6.53%, but its year-to-date performance remains negative at -11.14%. The stock has a strong return of 19.87% over the last year, significantly outperforming the market, which has only returned 2.09%. The company has also seen a notable increase in profits by 89%, contributing to its attractive valuation.
In the broader market context, the stock's recent performance has been slightly better than the benchmark, as it has outperformed the Sensex over the past month, which has declined by 0.27%. However, the stock's year-to-date performance is concerning compared to the benchmark's positive return of 5.18%. The liquidity of the stock appears adequate, with a delivery volume increase of 54.95% against the 5-day average, indicating rising investor participation. Despite the recent price decline, the stock's strong historical performance and attractive valuation metrics suggest that it may still hold potential for investors, although current market conditions are impacting its short-term price movement.