Why is Bharat Seats falling/rising?

As of 17-Oct, Bharat Seats Ltd is experiencing a decline in its stock price, currently at Rs. 217.20, which reflects a decrease of Rs. 17.85 or 7.59%. The stock has recently hit a new 52-week high of Rs. 239.55 but has fallen after two consecutive days of gains. Today's performance shows that it underperformed its sector by 6.78%, with an intraday low of Rs. 213.55, indicating significant volatility with a range of Rs. 26. Despite this drop, the stock has shown impressive returns over various periods, including a 44.18% increase over the past month and a remarkable 131.19% year-to-date. The rising investor participation, evidenced by a 257.13% increase in delivery volume, suggests that there is still interest in the stock, although the lack of specific positive or negative factors makes it difficult to pinpoint the exact reasons for the current decline.
Broader market context indicates that Bharat Seats' short-term performance has lagged behind the benchmark Sensex, which has increased by 1.76% over the past week, while Bharat Seats only gained 0.25%. This underperformance in the short term may contribute to the stock's current downward trend. However, the stock's long-term performance remains strong, with significant gains over one year and three years, suggesting that while there may be short-term volatility and profit-taking occurring, the overall market sentiment towards Bharat Seats has been positive in the longer term.