Why is Granules India falling/rising?

As of 23-Sep, Granules India Ltd is currently priced at 523.05, reflecting a decrease of 2.65, or 0.5%. The stock has been experiencing a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 4.21% during this period. Despite this recent decline, the stock has shown a positive performance over the past month, with a return of 14.45%. It is noteworthy that the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. The company benefits from high management efficiency, evidenced by a return on capital employed (ROCE) of 18.77%, and a low debt to EBITDA ratio of 0.91, indicating a strong ability to service its debt. However, the stock has generated a negative return of -6.63% over the past year, coinciding with a decline in profits of 3.3%, which may contribute to investor caution.
In the broader market context, Granules India has underperformed relative to the benchmark Sensex over the past week, with the stock down 2.89% compared to the Sensex's decline of only 0.34%. While the stock has shown some resilience in the longer term, with a 61.76% increase over the past three years, its year-to-date performance remains negative at -11.62%, contrasting sharply with the Sensex's positive return of 5.07%. The rising investor participation, as indicated by a 13.98% increase in delivery volume, suggests some interest in the stock despite its recent price decline. High institutional holdings at 36.77% may provide a buffer against volatility, as these investors typically have a better understanding of the company's fundamentals.