Why is Dynamic Cables falling/rising?

As of 24-Sep, Dynamic Cables Ltd is experiencing a decline in its stock price, currently at Rs 411.30, reflecting a decrease of Rs 2.8 or 0.68%. The stock has been on a downward trend, having fallen for the last three consecutive days with a total decline of 3.81%. Despite this recent downturn, the stock has outperformed its sector by 1.02% today. Over the past week, the stock has decreased by 5.01%, and year-to-date, it has dropped 14.58%. However, it has shown strong performance over the past year with a return of 45.61%, supported by significant growth in profits and sales, indicating a robust underlying business despite the recent price drop.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as the Sensex has only declined by 1.18% over the past week. This suggests that while Dynamic Cables is facing specific challenges, it has still managed to outperform the market over the longer term. The company’s strong financial metrics, including a low Debt to EBITDA ratio and consistent positive results over the last four quarters, contribute positively to its valuation. Despite the recent price decline, the stock remains attractive compared to its peers, trading at a discount relative to historical valuations, which may indicate potential for recovery as investor participation increases.