Why is Bharat Wire falling/rising?

As of 06-Nov, Bharat Wire Ropes Ltd's stock price is currently at 199.55, reflecting a decline of 8.5 points or 4.09%. The stock has been underperforming, having lost 5.11% over the last two days and showing a performance today that underperformed its sector by 1.77%. Despite opening with a gain of 11.97% and reaching an intraday high of Rs 232.95, it has also touched a low of Rs 198.75, indicating significant volatility with a wide trading range of Rs 34.2. The stock's performance over the past week shows a decline of 3.67%, while it has gained 20.17% over the past month. However, year-to-date, it is down 5.96%, and over the past year, it has decreased by 16.01%. The delivery volume has seen a drastic drop of 83.97% against the 5-day average, suggesting falling investor participation, which may contribute to the stock's recent downward movement.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.30% over the past week, Bharat Wire's short-term performance is worse, indicating a relative weakness in the stock. The engineering sector, specifically industrial equipment, has also faced a downturn, falling by 2.53%. While the stock has shown impressive long-term returns, such as a 75.43% increase over three years and a staggering 777.14% over five years, the recent trends suggest a struggle to maintain momentum amidst broader market challenges and reduced investor interest.