Why is Belrise Industri falling/rising?

As of 05-Aug, Belrise Industries Ltd is experiencing a decline in its stock price, currently at Rs. 136.45, which reflects a decrease of Rs. 6.6 or 4.61%. The stock has recently hit a new 52-week and all-time high of Rs. 145.15 but has since underperformed its sector by 4.69%. After five consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs. 136, which is a 4.93% drop. Additionally, the stock is trading above its moving averages for various periods, indicating a generally positive trend prior to this decline. However, there has been a notable decrease in investor participation, with delivery volume falling by 13.76% against the five-day average, suggesting a potential lack of confidence among investors.
In the broader market context, Belrise Industries has outperformed the benchmark Sensex over the past week, with a return of 3.61% compared to the Sensex's decline of 0.77%. Over the past month, the stock has shown a significant increase of 32.22%, while the Sensex has decreased by 3.26%. This indicates that despite the current decline, the stock has been performing well relative to the market in the short term. The liquidity of the stock remains adequate, allowing for trades of significant size, which may help stabilize its price in the future.