Why is Esab India falling/rising?

As of 25-Sep, Esab India Ltd's stock price is currently at 5,001.50, reflecting a decline of 40.05 points or 0.79%. The stock has been underperforming, having lost 1.19% over the last four days, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant drop in delivery volume, which fell by 61.33% compared to the 5-day average. Over the past month, the stock has decreased by 7.55%, and year-to-date, it has fallen by 15.35%. Despite these short-term challenges, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 42.27% and healthy operating profit growth of 26.87% annually, which suggests potential for recovery in the future.
In the broader market context, Esab India's recent performance has been relatively better than the benchmark Sensex, which has declined by 2.23% over the past week and 0.58% over the past month. However, the stock's year-to-date performance is concerning, as it has underperformed the Sensex, which has gained 3.87% during the same period. This underperformance, combined with the recent consecutive falls and reduced investor participation, indicates a challenging environment for the stock despite its strong fundamentals.