Why is Dynamic Cables falling/rising?

As of 10-Jul, Dynamic Cables Ltd is currently priced at 998.15, reflecting a decrease of 6.5 points or 0.65%. Today, the stock has underperformed its sector by 1.11% and has experienced a trend reversal after five consecutive days of gains. Although it opened with a gain of 2.02% and reached an intraday high of Rs 1027.4, the overall trading volume indicates a decline in investor participation, with delivery volume falling by 13.74% against the five-day average. Despite this recent dip, the stock has shown strong performance over the past week, month, and year, with returns of 5.07%, 14.47%, and 72.35%, respectively. The company has demonstrated solid financial health, with a low Debt to EBITDA ratio and consistent profit growth, which supports its valuation despite the current price decline.
In the broader market context, while Dynamic Cables has outperformed the Sensex over various periods, including a significant 72.35% return over the past year compared to the Sensex's 4.09%, the stock's recent performance indicates a shift in momentum. The decline today may reflect a natural correction after a strong rally, as well as a lack of confidence from domestic mutual funds, which hold no stake in the company. This absence of institutional support could contribute to the stock's volatility, despite its attractive financial metrics and consistent returns over the past three years.