Why is Godrej Industrie falling/rising?

As of 24-Jul, Godrej Industries Ltd is currently priced at 1,129.95, reflecting a decrease of 1.8, or 0.16%. The stock has been experiencing a downward trend, having lost 1.47% over the last two days. It is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 24.28% against the 5-day average. Despite these short-term challenges, the company has shown strong financial performance, with significant growth in profit before tax and profit after tax compared to previous quarters, alongside a substantial increase in cash reserves. Promoter confidence has also risen, as they have increased their stake in the company by 3.92%, indicating a positive outlook for the business.
In the broader market context, Godrej Industries has underperformed relative to the benchmark, with a 1-week return of -1.40% compared to the Sensex's -0.09%. Over the past month, the stock has declined by 10.25%, while the benchmark has seen a slight increase of 0.16%. However, it is important to note that the stock has outperformed the market over the past year, generating a return of 27.45% compared to the Sensex's 2.54%. This longer-term performance, coupled with attractive valuations and rising promoter confidence, suggests that while the stock is currently facing short-term pressures, its fundamentals remain strong.