Why is Carraro India falling/rising?

As of 22-Jul, Carraro India Ltd is currently priced at Rs 482.60, reflecting a decrease of Rs 4.35 or 0.89%. The stock has experienced a trend reversal, falling after five consecutive days of gains. Despite this decline, it remains 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 stock has shown strong performance over the past week and month, with returns of +9.31% and +19.19%, respectively, while it has struggled year-to-date with a decline of 24.26%. The recent increase in delivery volume, which rose by 321.52% against the 5-day average, suggests rising investor participation, although the current price drop indicates some profit-taking or market correction.
In the broader market context, Carraro India's recent performance contrasts with the Sensex, which has seen a slight decline of 0.47% over the past week and 0.27% over the past month. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.01 times and healthy long-term growth in operating profit, support its valuation despite the recent price drop. Additionally, high institutional holdings at 20.31% indicate confidence from more knowledgeable investors, which could stabilize the stock in the long run. Overall, while the stock is currently experiencing a decline, its underlying financial health and recent performance suggest potential for recovery.