Why is Dynamic Cables falling/rising?

As of 11-Jul, Dynamic Cables Ltd is experiencing a decline in its stock price, currently at Rs 486.00, which reflects a decrease of Rs 13.07 or 2.62%. Today, the stock has underperformed its sector by 1.87% and has been on a downward trend for the last two days, accumulating a total loss of 3.25%. Despite opening with a gain of 5.16% and reaching an intraday high of Rs 525, the stock has also seen significant volatility, trading within a wide range of Rs 48. Over the past week, the stock has decreased by 1.20%, while it has shown a strong performance over the past month with a gain of 10.14%. However, the recent decline in delivery volume and the fact that the stock is trading below all key moving averages suggest a weakening investor sentiment. The company's strong financial metrics, such as a low Debt to EBITDA ratio and consistent profit growth, indicate a solid foundation, but the lack of domestic mutual fund investment may signal caution among institutional investors.
In the broader market context, the Sensex has also seen a slight decline of 1.12% over the past week, which indicates that the stock's short-term performance is somewhat in line with the overall market trend. However, Dynamic Cables has significantly outperformed the benchmark over the longer term, with a remarkable 66.13% return over the past year compared to the Sensex's 3.26%. This disparity highlights the stock's strong historical performance, but the recent underperformance relative to both its sector and the market may be causing concern among investors, contributing to the current price decline.