Why is Bharat Seats falling/rising?

As of 21-Aug, Bharat Seats Ltd's stock is currently priced at Rs 132.85, reflecting a decrease of Rs 4.15 or 3.03%. Today's price summary indicates that the stock has underperformed its sector by 2.69%, and it has experienced a trend reversal after three consecutive days of gains, hitting an intraday low of Rs 128.75, which represents a decline of 6.02%. Despite this drop, the stock has shown strong performance over the past week, with a return of 9.34%, and a remarkable 50.16% increase over the last year. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 26.36% and operating profit growing at 59.20%. Positive financial results, including a significant operating cash flow and a notable increase in profits, suggest a solid foundation for the stock, although it is currently facing selling pressure.
Broader market context shows that while Bharat Seats has outperformed the Sensex over various periods, including a 22.95% increase over the last month compared to a slight decline of 0.24% for the index, the recent price drop may be attributed to profit-taking after a strong rally. The stock's liquidity remains adequate, and rising investor participation indicates continued interest, but the current decline could reflect broader market sentiments or sector-specific challenges. Overall, the stock's recent performance is a mix of strong fundamentals and short-term volatility, leading to its current downward movement.