Why is Eureka Forbes falling/rising?

As of 28-Aug, Eureka Forbes Ltd is experiencing a decline in its stock price, currently at Rs 560.85, which reflects a decrease of Rs 14.25 or 2.48%. Today's price summary indicates that the stock has underperformed its sector by 3.7% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 559.25, and the weighted average price suggests that more volume was traded close to this low price. Despite a positive return of 8.90% over the past year, the stock has a year-to-date decline of 3.01%, contrasting with the broader market's performance. The company maintains a low debt-to-equity ratio and has shown healthy long-term growth, with net sales increasing at an annual rate of 40.06% and operating profit at 71.47%. However, the stock's recent movement may be influenced by its current trading below certain moving averages and the recent trend reversal.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 2.85% and 0.12%, respectively, while the Sensex has declined by 2.34% and 1.00%. However, the stock's year-to-date performance is notably weaker compared to the benchmark, which has gained 2.48%. The market has been challenging, as evidenced by the negative returns of -5.01% in the last year for the BSE500, yet Eureka Forbes has managed to generate positive returns. This relative strength could indicate investor confidence in the company's fundamentals, despite the recent price decline.