Why is Craftsman Auto falling/rising?

As of 31-Jul, Craftsman Automation Ltd is currently priced at 6,655.40, reflecting a decrease of 199.6 points or 2.91%. Today's price summary indicates that the stock has underperformed its sector by 2.38% and has experienced a trend reversal, falling after two consecutive days of gains. It opened with a significant loss of 7.53%, reaching an intraday low of Rs 6,339. Despite this decline, the stock has shown strong performance over the past week, month, and year, with returns of 5.41%, 17.01%, and 18.73%, respectively. The stock is trading above its moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 545.93% against the 5-day average. However, it is important to note that while the stock has generated positive returns over the past year, its profits have fallen by 17.8%.
In the broader market context, Craftsman Automation has outperformed the Sensex, which has declined by 1.22% over the past week and 3.00% over the past month. This indicates that despite the current drop in price, the stock has been resilient compared to the benchmark. The company's high management efficiency, evidenced by a return on capital employed (ROCE) of 15.65%, and healthy long-term growth with net sales increasing at an annual rate of 36.30%, support its potential for recovery. Additionally, the stock is trading at a discount compared to its peers, and high institutional holdings at 38.5% suggest confidence from knowledgeable investors. However, the recent decline may be attributed to profit-taking after a strong performance and the stock's current valuation dynamics.