Why is Divgi Torq falling/rising?

As of 19-Aug, Divgi Torqtransfer Systems Ltd is experiencing a decline in its stock price, currently at Rs 652.85, which reflects a decrease of Rs 11.65 or 1.75%. The stock has underperformed its sector by 4.21% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 644.4, indicating a drop of 3.02%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.21%, and year-to-date, it has risen by 6.85%. The company has recently reported positive financial results after a challenging period, which may have contributed to some investor interest, although the stock's current performance suggests a cautious sentiment.
In the broader market context, the Sensex has increased by 1.76% over the past week, indicating that Divgi Torq's short-term performance is lagging behind the benchmark. The auto ancillary sector has gained by 2.48%, further highlighting the stock's underperformance relative to its peers. While the company has a low debt-to-equity ratio and high institutional holdings at 27.72%, which typically suggests stability and confidence in the company's fundamentals, the recent price drop may reflect profit-taking or market corrections following its previous gains. The rising investor participation, as indicated by increased delivery volume, suggests some underlying interest, but the overall market sentiment appears to be weighing on the stock's performance.