Why is Foseco India falling/rising?

As of 09-Jul, Foseco India Ltd. is experiencing a decline in its stock price, currently at Rs 4,954.00, which reflects a decrease of Rs 76.75 or 1.53%. Today's price summary indicates that the stock has underperformed its sector by 1.51% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 4,918.5, marking a 2.23% drop. Despite a strong performance over the past month with a 12.08% increase and a remarkable 209.86% rise over three years, the recent trend shows a decrease in investor participation, with delivery volume falling by 47.09% compared to the five-day average. The company maintains a high management efficiency with a return on equity of 17.33% and a low debt-to-equity ratio, which are positive indicators, but the current price movement suggests a short-term correction.
In the broader market context, the stock's performance over the past week shows a slight decline of 0.35%, while the benchmark Sensex has gained 0.15%. This indicates that Foseco India is not only underperforming its sector but also lagging behind the overall market. Despite its strong long-term returns, including a 23.11% increase year-to-date and consistent outperformance against the BSE500 over the last three years, the recent price drop may reflect a market correction or profit-taking by investors following its previous gains.