Why is Foseco India falling/rising?

As of 31-Jul, Foseco India Ltd. is experiencing a decline in its stock price, currently at Rs 5,399.55, which reflects a decrease of Rs 140.45 or 2.54%. Today's price summary indicates that the stock opened with a loss of 2.44% and reached an intraday low of Rs 5,263.5, marking a drop of 4.99%. Despite this downturn, the stock has shown strong performance over the past week and month, with returns of 11.79% and 8.83%, respectively. It is also noteworthy that Foseco India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend prior to this decline. The company has a high management efficiency with a return on equity of 19.68% and a low debt-to-equity ratio, contributing to its healthy long-term growth, as evidenced by an annual operating profit growth rate of 37.46%.
In the broader market context, Foseco India has outperformed the Sensex in various time frames, including a year-to-date return of 34.18% compared to the Sensex's 3.90%. However, the stock underperformed its sector today by 1.48%, which may have contributed to the current price drop. The recent trend reversal after two consecutive days of gains and the significant increase in delivery volume may indicate a shift in investor sentiment. While the stock has shown consistent returns over the last three years, the current decline could be a reaction to short-term market fluctuations rather than a reflection of its overall performance.