Why is Foseco India falling/rising?

As of 01-Aug, Foseco India Ltd. is currently priced at Rs 5,356.65, reflecting a decrease of Rs 42.9 or 0.79%. The stock has been experiencing a decline, having fallen consecutively for the last two days with a total drop of 3.31%. Despite this recent downturn, Foseco India has shown strong performance over the longer term, with a year-to-date return of 33.12% and a remarkable 202.95% increase over the past three years. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to the recent decline. However, the stock's liquidity appears to be affected, as delivery volume has decreased significantly by 43.6% compared to the 5-day average, which may contribute to the current price drop.
In the broader market context, Foseco India has outperformed the Sensex over the past week and month, with returns of 10.20% and 7.96%, respectively, while the Sensex has declined by 1.06% and 3.70% during the same periods. This indicates that while the stock is facing short-term challenges, it has maintained a strong performance relative to the benchmark. The chemicals sector, however, has seen a decline of 2.02%, which may be influencing investor sentiment negatively. Despite these challenges, Foseco India benefits from high management efficiency, a low debt-to-equity ratio, and consistent returns over the past three years, suggesting that the fundamentals remain strong even as the stock faces short-term volatility.