Why is Coromandel Inter falling/rising?

As of 31-Oct, Coromandel International Ltd's stock price is currently at Rs 2,135.00, reflecting a decrease of Rs 37.95 or 1.75%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.26% during this period. Today's trading saw the stock reach an intraday low of Rs 2,101.6, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these declines, there has been a notable increase in investor participation, with delivery volume rising by 136.61% against the 5-day average. The company has demonstrated strong financial performance in recent quarters, with high management efficiency and a low debt-to-equity ratio, which could support its long-term stability.
In the broader market context, Coromandel International's short-term performance has been weaker compared to the benchmark Sensex, which has only declined by 0.32% over the past week while Coromandel's stock has dropped by 1.73%. Although the stock has shown impressive returns over the longer term, including a 27.46% increase over the past year and a 121.99% increase over three years, the recent short-term trends indicate a struggle against both sector performance and market sentiment. The company's high institutional holdings and consistent returns over the years suggest a solid foundation, but the current price movement reflects market volatility and investor sentiment that may be weighing on the stock in the short term.