Why is Bharat Seats falling/rising?

As of 17-Sep, Bharat Seats Ltd is currently priced at 150.65, reflecting a decline of 7.9 points or 4.98%. The stock has been underperforming, having lost 11.09% over the last three days and opened with a loss of 2.52% today. It touched an intraday low of Rs 150.65, indicating significant selling pressure. Despite this short-term decline, the stock has shown strong long-term growth, with net sales increasing at an annual rate of 26.36% and operating profit at 59.20%. The company has also reported positive financial results, including a net sales figure of Rs 1,126.36 crore for the nine months and a profit after tax of Rs 28.16 crore. However, the stock is currently trading lower than its recent moving averages, which may indicate a bearish sentiment among investors.
In the broader market context, Bharat Seats Ltd has underperformed the Sensex, which has gained 1.56% over the past week while the stock has declined by 10.99%. Although the stock has generated a return of 46.98% over the past year, the recent downturn contrasts sharply with its longer-term performance, where it has outperformed the BSE500 consistently over the last three years. The rising investor participation, as indicated by a 76.01% increase in delivery volume, suggests that there is still interest in the stock despite its recent price decline. Overall, while the company shows healthy long-term growth potential, the current price movement reflects short-term challenges and market sentiment that may be weighing on its performance.