Why is Gallantt Ispat L falling/rising?

As of 28-Aug, Gallantt Ispat Ltd. is experiencing a decline in its stock price, currently at Rs 581.10, which reflects a decrease of Rs 21.25 or 3.53%. The stock has underperformed its sector by 2.74% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.88%. The stock touched an intraday low of Rs 575.25, indicating significant selling pressure. Over the past week, the stock has decreased by 7.67%, and in the last month, it has fallen by 12.62%. Despite these short-term declines, the stock has shown strong long-term performance with a year-to-date increase of 67.80% and a remarkable 820.19% rise over the past three years. The company has demonstrated a solid ability to service its debt and has reported positive financial results in recent quarters, which could suggest underlying strength despite the current price drop.
In the broader market context, Gallantt Ispat Ltd.'s recent performance contrasts with the benchmark Sensex, which has declined by only 2.34% over the past week and 1.00% over the past month. This indicates that the stock's short-term struggles are more pronounced than the overall market trend. The falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors, contributing to the stock's downward movement. While the company has shown consistent returns and healthy growth metrics, the recent price action reflects market sentiment that may be reacting to short-term volatility rather than the company's long-term potential.