Why is Fiem Industries falling/rising?

As of 04-Sep, Fiem Industries Ltd is currently priced at Rs 2,164.00, reflecting a decrease of Rs 19.1 or 0.87%. The stock has been experiencing a decline over the past three days, with a total drop of 1.28% in that period. Despite this recent downturn, the stock reached a new 52-week high of Rs 2,244.1 earlier today, indicating strong performance in the short term. The stock has shown impressive returns over various periods, including a 3.40% increase over the past week and an 11.96% rise over the past month. Positive factors contributing to the stock's overall strength include high management efficiency, a low debt-to-equity ratio, and consistent positive financial results over the last six quarters, which have bolstered investor confidence.
In the broader market context, Fiem Industries has outperformed the Sensex, which has only increased by 0.80% over the past week, while Fiem's returns have been significantly higher. The stock's year-to-date performance of 45.53% also contrasts with the Sensex's modest 3.30% gain. Additionally, the rising participation of institutional investors, who have increased their stake by 3.15%, suggests a positive outlook for the company, as these investors typically have more resources to analyze fundamentals. However, the recent decline in stock price may reflect short-term profit-taking or market corrections following its recent highs.