Why is Bombay Cycle falling/rising?

As of 14-Jul, Bombay Cycle & Motor Agency Ltd is experiencing a decline in its stock price, currently at 2,052.05, reflecting a decrease of 7.95 points or 0.39%. The stock has been on a downward trend for the last three days, with a total loss of 0.84% during this period. Today, it opened with a significant gap down of 4.42% and reached an intraday low of Rs 1969, although it also touched a high of Rs 2146.9 earlier in the day. Despite this recent decline, the stock has shown strong performance over the longer term, with a 12.25% increase year-to-date and a remarkable 257.66% rise over the past three years. However, the company faces challenges, including a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 8.77% and poor growth in operating profit.
In the broader market context, while Bombay Cycle has outperformed the Sensex over various time frames, including a 2.40% gain over the past week compared to a 1.42% decline in the benchmark, the recent price drop indicates a shift in investor sentiment. The stock's liquidity remains adequate, but there has been a notable decline in delivery volume, which fell by 48.57% against the five-day average, suggesting reduced investor participation. Additionally, negative financial results reported for the last quarter, including a significant drop in profit after tax and the lowest recorded operating profit, contribute to the stock's current struggles, despite its historical performance.