Why is Bonlon Industrie falling/rising?

As of 20-Oct, Bonlon Industries Ltd is experiencing a decline in its stock price, currently at Rs 49.48, which reflects a decrease of Rs 6.44 or 11.52%. Today's price summary indicates that the stock has underperformed its sector by 9.46% and has fallen after eight consecutive days of gains. Although it opened with a 2% gain and reached an intraday high of Rs 57.2, it also touched a low of Rs 48, indicating significant volatility with an intraday range of Rs 9.2. Over the past month, the stock has shown a positive return of 22.17%, and its year-to-date performance stands at 38.95%, both of which are considerably higher than the benchmark returns. Despite these positive trends, the stock's recent performance is overshadowed by a drop in investor participation, with delivery volume decreasing by 31.27% against the five-day average.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 0.94% over the past week while the Sensex has increased by 2.47%. This underperformance may be attributed to the recent downturn in the non-ferrous metal sector, which has fallen by 2%. While Bonlon Industries has reported impressive growth in net profit and sales, these positive factors have not been sufficient to counteract the current negative sentiment and volatility affecting the stock. The combination of high volatility, falling investor participation, and sector-wide declines has contributed to the stock's recent price drop.