Why is Esab India falling/rising?

As of 18-Jul, Esab India Ltd is currently priced at 5,583.75, reflecting a decrease of 12.25 points or 0.22%. The stock has experienced a trend reversal, falling after three consecutive days of gains. It opened with a significant loss of 6.45%, reaching an intraday low of Rs 5,235. Despite this decline, the stock has outperformed its sector by 0.43% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Esab India has shown a positive return of 5.97%, while its year-to-date performance remains negative at -5.50%. The company benefits from high management efficiency, indicated by a return on equity (ROE) of 36.78%, and maintains a low debt-to-equity ratio, which supports its stability.
In the broader market context, the Sensex has shown a decline of 0.90% over the past week, contrasting with Esab India's positive performance. While the stock has faced a short-term setback, its long-term returns over three years stand at an impressive 67.69%, significantly outperforming the Sensex's 49.96% over the same period. The rising investor participation, with a delivery volume increase of 189.88% against the 5-day average, indicates a continued interest in the stock, suggesting that despite the recent price drop, there may be underlying strength that could support future recovery.