Why is Centum Electron falling/rising?

As of 23-Sep, Centum Electronics Ltd is experiencing a decline in its stock price, currently at 2,795.40, which reflects a decrease of 14.6 points or 0.52%. The stock has underperformed its sector by 0.88% today and has been on a downward trend for the last two days, with a total decline of 1.35% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 31.82% and a remarkable 56.52% rise over the past year. Additionally, the stock is trading above its moving averages across various time frames, indicating a generally positive trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 6.67% compared to the five-day average.
In the broader market context, while Centum Electronics has outperformed the Sensex over the past week, month, and year, it is important to note that the benchmark has shown a slight decline of 0.34% in the last week. The increase in institutional investor participation, which has risen by 1.45% in the previous quarter, suggests a positive outlook from more sophisticated market players, potentially stabilizing the stock in the long run. Despite the recent price drop, the company reported strong financial results in June, with significant growth in profit before tax and profit after tax, alongside a high level of cash reserves. This combination of strong fundamentals and institutional interest may provide support for the stock, even as it faces short-term challenges.