Why is Dynamic Cables falling/rising?

As of 22-Sep, Dynamic Cables Ltd is experiencing a decline in its stock price, currently at Rs 418.85, which reflects a decrease of Rs 8.75 or 2.05%. The stock has underperformed its sector by 1.24% today, reaching an intraday low of Rs 416.65. Over the past week, the stock has fallen by 1.45%, and it has seen a significant decline of 8.15% over the past month. Despite a strong performance over the past year with a return of 64.13%, the stock's recent movement is influenced by a decrease in investor participation, as evidenced by a drop in delivery volume by 11.32% against the 5-day average. Although the company has shown strong financial performance with positive results for the last four consecutive quarters, including a notable growth in profits, the current price movement suggests that investors may be reacting to short-term pressures rather than the company's overall strong fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 0.46% over the past week and 1.05% over the past month. While Dynamic Cables has outperformed the market over the past year, the recent downturn indicates a divergence from this trend, particularly as the stock has fallen while the market has remained stable. The company's ability to service debt and attractive valuation metrics, such as a low Debt to EBITDA ratio and a favorable PEG ratio, suggest potential for recovery. However, the current market sentiment appears to be weighing heavily on the stock, leading to its recent decline despite its historical performance and strong financial indicators.