Why is Black Box falling/rising?

As of 17-Jul, Black Box Ltd's stock price is currently at Rs 533.85, reflecting a decrease of Rs 10.65 or 1.96%. The stock has underperformed its sector by 2.06% today and has experienced a trend reversal after two consecutive days of gains, touching an intraday low of Rs 533. Despite this decline, Black Box is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. The company has shown strong performance over the last nine quarters, with significant metrics such as a high inventory turnover ratio and record net sales and profit after tax. This consistent performance may provide some support for the stock despite its current decline.
In the broader market context, Black Box's short-term performance has been relatively stable, with a slight decrease of 0.01% over the past week, while the Sensex has fallen by 1.12%. Year-to-date, Black Box has underperformed the benchmark with a decline of 17.74% compared to the Sensex's gain of 5.27%. However, over the last year, Black Box has outperformed the broader market with a return of 33.86%, suggesting that while the stock is facing short-term challenges, its long-term trajectory remains strong. The rising investor participation, as evidenced by a significant increase in delivery volume, indicates ongoing interest in the stock, which may help mitigate the current downward pressure.