Why is Eveready Inds. falling/rising?

As of 16-Jul, Eveready Industries India Ltd is experiencing a decline in its stock price, currently at Rs 369.90, which reflects a decrease of Rs 16.4 or 4.25%. Today's price movement indicates that the stock opened with a loss of 2.15% and has touched an intraday low of Rs 369.90. Despite having outperformed the sector over the past week and month, the stock has recently reversed its trend after six consecutive days of gains. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 44.18% against the five-day average. Although the company has shown strong management efficiency and positive financial results over the last eight quarters, the stock's recent performance has been overshadowed by its current decline.
In the broader market context, Eveready Industries has outperformed the Sensex over the past week and month, with returns of 5.78% and 14.70%, respectively, compared to the Sensex's declines. However, year-to-date, the stock has underperformed the benchmark, with a return of -5.78% against the Sensex's gain of 5.75%. This discrepancy highlights the stock's volatility and potential investor concerns despite its attractive valuation and consistent profit growth. The overall market sentiment may be influencing the stock's recent downturn, as it struggles to maintain momentum amidst falling investor interest and a broader market that has shown mixed performance.