Why is Dynamic Cables falling/rising?

As of 28-Oct, Dynamic Cables Ltd is experiencing a decline in its stock price, currently at Rs 413.85, which reflects a decrease of Rs 36.65 or 8.14%. The stock has underperformed its sector by 7.21% today and has been on a downward trend for the last two days, resulting in a total drop of 8.5% during this period. The stock reached an intraday low of Rs 398.05, indicating significant volatility with an intraday fluctuation of 5.38%. Despite a positive long-term outlook, including a strong ability to service debt and consistent growth in net sales, the recent performance has been overshadowed by the current price decline.
In the broader market context, the stock's short-term performance of +2.57% over the past week is notably better than the Sensex, which has only increased by 0.24%. However, the year-to-date performance shows a stark contrast, with Dynamic Cables down 14.05% compared to the Sensex's gain of 8.30%. This discrepancy highlights the stock's struggles despite its historical outperformance over the last three years and strong financial metrics, such as a low Debt to EBITDA ratio and significant profit growth. The recent price movement suggests that while the company has solid fundamentals, market sentiment may be affecting investor confidence, leading to the current decline.