Why is Centum Electron falling/rising?

As of 22-Sep, Centum Electronics Ltd is experiencing a decline in its stock price, currently at Rs 2,807.70, which reflects a decrease of Rs 26.05 or 0.92%. Despite this drop, the stock has shown strong performance in the past week, with a return of 3.99%, and has outperformed the benchmark Sensex, which only gained 0.46% in the same period. The stock reached an intraday high of Rs 2,892, indicating some volatility, as it also touched a low of Rs 2,775. Notably, Centum Electronics is trading above its moving averages across various time frames, suggesting a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 180.79% compared to the five-day average, which indicates growing interest in the stock. Positive financial results, including substantial growth in profit before tax and profit after tax, along with increased institutional investor participation, further support the stock's resilience.
In the broader market context, Centum Electronics has outperformed the Sensex significantly over longer periods, with a year-to-date return of 32.40% compared to the Sensex's 5.15%. This strong performance over time, coupled with the recent positive financial indicators, suggests that the stock remains attractive to investors despite the current price decline. The stock's ability to maintain a higher return than the benchmark in both the short and long term highlights its potential for recovery and continued investor interest, even in the face of today's minor setback.