Why is Bhagyanagar Ind falling/rising?

As of 24-Jul, Bhagyanagar India Ltd is currently priced at 103.35, reflecting a decrease of 3.2, or 3.0%. The stock has been underperforming, having fallen for the last two days with a total decline of 5.99% during this period. Today's performance indicates that it underperformed its sector by 1.72%, and it reached an intraday low of Rs 100.65. Despite this recent downturn, the stock has shown strong performance over the past week and month, with returns of 9.66% and 26.98%, respectively. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 27.43% and operating profit at 36.27%. Positive results in the last three quarters, including a record PBDIT and PAT, suggest a solid financial foundation, although the stock's year-over-year return remains negative at -7.02%.
In the broader market context, Bhagyanagar India Ltd's recent performance contrasts with the Sensex, which has shown a slight decline of 0.09% over the past week. While the stock has outperformed the benchmark in the short term, the recent drop in investor participation, with delivery volume decreasing by 39.21%, raises concerns about liquidity and investor confidence. Despite trading above its moving averages, the current price movement suggests that market sentiment may be shifting, influenced by the stock's recent underperformance and the broader market's stability.