Why is Checkpoint Trend falling/rising?

As of 22-Aug, Checkpoint Trends Ltd is experiencing a decline in its stock price, currently at 36.45, which reflects a decrease of 0.74 or 1.99%. The stock has been underperforming, having fallen consecutively for the last 10 days, resulting in a total decline of 18.2% during this period. Despite its strong long-term performance, with a remarkable 499.51% return over the past year, the stock is currently facing challenges, including a significant drop in investor participation, as evidenced by a 36.88% decrease in delivery volume compared to the 5-day average. Additionally, while the stock's moving averages indicate it is higher than the 50-day, 100-day, and 200-day averages, it is lower than the 5-day and 20-day averages, suggesting recent weakness.
In the broader market context, the stock's short-term performance has sharply diverged from the benchmark, with Checkpoint Trends Ltd declining by 9.55% over the past week while the Sensex has gained 0.88%. This stark contrast highlights the stock's recent struggles despite its historical outperformance against the BSE500 over longer periods. The positive financial results from June 25, including record-high PBDIT, PBT, and PAT, suggest potential for recovery; however, the current market sentiment and declining liquidity are likely contributing to the stock's downward trajectory.