Why is Garware Hi Tech falling/rising?

As of 23-Jul, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at 3,661.20, reflecting a decrease of 56.8 points or 1.53%. The stock has underperformed its sector today by 0.74%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 28.31% compared to the 5-day average. Over the past week, the stock has decreased by 0.86%, and it has seen a significant decline of 8.17% over the past month, while year-to-date, it has dropped 27.57%. Despite a strong performance over the past year with a return of 57.78%, the recent trends indicate a troubling short-term outlook.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Garware's negative performance, indicating that the stock is lagging behind the market. While the company has demonstrated strong fundamentals with consistent positive results over the last seven quarters, including a 26.02% growth in net sales and a 21.92% increase in profit after tax, these factors have not translated into recent stock price stability. The company's low debt-to-equity ratio and significant market capitalization suggest a solid foundation; however, the current market sentiment and declining trading volumes may be contributing to the stock's downward movement.