Why is Belrise Industri falling/rising?

As of 20-Aug, Belrise Industries Ltd is experiencing a decline in its stock price, currently at Rs 148.30, which reflects a decrease of Rs 6.35 or 4.11%. The stock has underperformed its sector by 4.09% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 146.35, indicating a drop of 5.37%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 9.37% and 19.26%, respectively. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend prior to today's drop. There is also a notable increase in investor participation, with delivery volume rising by 251.85% against the 5-day average, indicating heightened interest despite the current price decline.
In the broader market context, the Sensex has only increased by 1.64% over the past week and 0.12% over the past month, which highlights that Belrise Industries' short-term performance has significantly outpaced the benchmark. However, the recent price drop may reflect a market correction after a period of strong gains. The liquidity of the stock remains adequate, with a trading value of Rs 3.94 crore based on 2% of the 5-day average, which supports ongoing trading activity. Overall, while the stock has shown strong returns in the short term, the recent price decline could be attributed to profit-taking or market adjustments following its previous upward momentum.