Why is Fiem Industries falling/rising?

As of 22-Sep, Fiem Industries Ltd is experiencing a decline in its stock price, currently at Rs 2,002.40, reflecting a decrease of Rs 37.95 or 1.86%. The stock has underperformed its sector by 1.75% today and has seen a consecutive fall over the last two days, with a total decline of 2.44%. The stock touched an intraday low of Rs 1,990.1, and its delivery volume has significantly decreased by 87.77% compared to the 5-day average, indicating falling investor participation. Despite these short-term challenges, the company has shown strong long-term growth, with a high return on equity (ROE) of 15.96% and consistent positive results over the last six quarters, which may support its valuation in the longer term.
In the broader market context, Fiem Industries has underperformed the Sensex in the short term, with a 1-week return of -4.30% compared to the benchmark's gain of 0.46%. However, the stock has outperformed the Sensex over the year, with a return of 17.86% against the benchmark's decline of 2.82%. The recent increase in institutional investor participation, which has risen by 3.15% in the last quarter, suggests a positive outlook from more sophisticated investors, potentially stabilizing the stock in the future. Despite the current decline, the company's healthy financial metrics and consistent returns over the past three years indicate a resilient business model that may recover from short-term fluctuations.