Why is Cupid falling/rising?

As of 08-Aug, Cupid Ltd's stock price is currently at Rs. 167.80, reflecting a decrease of Rs. 1.2 or 0.71%. The stock has recently hit a new 52-week high of Rs. 169.5 but has underperformed its sector by 0.27% today. After two consecutive days of gains, the stock has experienced a trend reversal and is now trading lower. Despite this decline, Cupid has shown impressive returns over various periods, including a 55.23% increase over the past month and a staggering 121.34% year-to-date. However, there has been a notable drop in investor participation, with delivery volume falling by 55.25% against the 5-day average, which may indicate a decrease in buying interest.
In the broader market context, Cupid's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 0.92% over the past week while Cupid has gained 6.17%. This suggests that Cupid has been outperforming the broader market recently. However, the recent decline in stock price, combined with the drop in investor participation, could signal a potential shift in market sentiment. Overall, while Cupid has shown strong performance metrics over the longer term, the current price movement reflects a temporary setback amid reduced trading activity.