Why is DCM falling/rising?

As of 11-Jul, DCM Ltd's stock price is currently at 117.65, reflecting a decline of 9.15 points or 7.22%. Today's trading has shown significant volatility, with the stock opening up by 2.56% but reaching a high of Rs 136 before dropping to a low of Rs 116.05. The stock has underperformed its sector by 5.7% today, and despite a wide trading range of Rs 19.95, the weighted average price indicates that more volume was traded closer to the low price. However, the stock has shown strong performance over the longer term, with a 23.86% return over the past year and significant outperformance against the BSE500 over various periods. Additionally, rising promoter confidence, with a 1.1% increase in their stake, signals optimism about the company's future.
In the broader market context, DCM Ltd's recent performance contrasts with the Sensex, which has seen a decline of 1.12% over the past week. While DCM has outperformed the benchmark in the long term, its current short-term performance is not aligned with this trend, as indicated by today's decline. The stock's high volatility and the significant increase in delivery volume suggest that investor sentiment is mixed, contributing to the recent price drop despite the overall positive long-term outlook.