Why is Garware Hi Tech falling/rising?

As of 21-Jul, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at Rs 3,658.40, which reflects a decrease of Rs 41.6 or 1.12%. The stock has underperformed its sector by 0.35% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.2%. Despite touching an intraday high of Rs 3,810, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 37.16% against the 5-day average. Over the past month, the stock has decreased by 8.58%, while it has shown a remarkable increase of 61.74% over the past year, indicating strong long-term performance despite recent short-term challenges.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, while Garware Hi Tech's return of 0.95% during the same period indicates a relative outperformance. However, the stock's year-to-date performance is concerning, with a drop of 27.63% compared to the Sensex's gain of 5.20%. The company has demonstrated strong fundamentals, including positive results for the last seven consecutive quarters and an increase in institutional investor participation, which may provide some support for the stock. Despite these positive factors, the recent price movement reflects market sentiment that may be influenced by the stock's current trading patterns and reduced liquidity.