Why is Exide Inds. falling/rising?

As of 19-Sep, Exide Industries Ltd's stock price is currently at Rs 414.60, reflecting a decrease of Rs 10.55 or 2.48%. The stock has underperformed its sector today, falling after three consecutive days of gains, and it touched an intraday low of Rs 413.6. Over the past week, the stock has decreased by 0.93%, while it has shown a modest increase of 5.47% over the past month. Despite a strong performance over the last three years with a return of 150.59%, the stock has struggled in the short term, with a year-to-date decline of 0.52% and a one-year drop of 9.92%. The company benefits from a low debt-to-equity ratio of 0.03 times and high institutional holdings at 28.87%, which may provide some stability and confidence among investors.
In the broader market context, the Sensex has increased by 0.88% over the past week, indicating that Exide Industries Ltd's recent decline is not reflective of the overall market trend. The battery sector, in which Exide operates, has also experienced a downturn, falling by 2.15%. While the stock's liquidity appears adequate for trading, the recent drop in price amidst rising investor participation suggests a cautious sentiment among investors. The stock's performance relative to the benchmark indicates that it is lagging behind, which may contribute to the observed price decline.