Why is Eveready Inds. falling/rising?

As of 08-Aug, Eveready Industries India Ltd is experiencing a decline in its stock price, currently at Rs 406.20, reflecting a decrease of Rs 5.05 or 1.23%. The stock has underperformed its sector by 0.86% today and has been on a downward trend for the last two days, accumulating a total loss of 2.19%. Despite touching an intraday high of Rs 420 earlier in the day, the stock's delivery volume has significantly decreased by 61.93% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 1.28%, while it has shown a positive return of 22.48% over the past month, suggesting recent volatility. The stock's performance over the last year is slightly negative at -1.91%, contrasting with a positive return of 3.46% year-to-date.
In the broader market context, the Sensex has also shown a decline of 0.92% over the past week, which indicates that the stock's short-term performance is worse than the benchmark. However, over the longer term, Eveready has outperformed the Sensex with a 22.48% increase in the last month compared to the benchmark's -4.60%. The stock's performance over three years is notably lower than the Sensex, with a return of 14.13% compared to the benchmark's 35.69%, and while it has significantly outperformed the Sensex over five years with a return of 178.31% against 109.93%, the recent trends suggest a potential shift in investor sentiment.