Why is Bharat Gears falling/rising?

As of 30-Sep, Bharat Gears Ltd is currently priced at 127.40, reflecting a decline of 19.41 points or 13.22%. The stock has underperformed its sector by 12.6% today, following a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 125.24, indicating a significant drop of 14.69%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 20.60% and 46.17% respectively. Additionally, it is trading above all its moving averages, suggesting a generally positive trend prior to this drop. The rising investor participation, with a delivery volume increase of 110.96% against the 5-day average, indicates strong interest, although the stock's high volatility today, with an intraday volatility of 9.88%, may have contributed to the price fluctuations.
In the broader market context, Bharat Gears has significantly outperformed the Sensex over the past week and month, while the benchmark has experienced a decline of 2.23% and a slight increase of 0.57%, respectively. Year-to-date, Bharat Gears has a return of 28.25%, compared to the Sensex's 2.72%, further highlighting its strong performance relative to the market. However, the stock's recent decline could be attributed to profit-taking after its substantial gains, combined with the high volatility observed today. Overall, while the stock has shown impressive returns over various periods, the current price drop reflects a short-term correction amidst a backdrop of strong investor interest and market performance.