Why is Graphite India falling/rising?

As of 21-Jul, Graphite India Ltd. is experiencing a decline in its stock price, currently at 576.00, which reflects a decrease of 2.15 points or 0.37%. Today's price summary indicates that the stock has underperformed its sector by 0.78%, and while it remains above the 20-day, 50-day, 100-day, and 200-day moving averages, it is below the 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 54.02% compared to the 5-day average. Despite these challenges, the company has shown positive financial results, including a substantial growth in profit before tax and profit after tax, as well as a high dividend yield of 3.81%. Furthermore, institutional investors have increased their stake, indicating a level of confidence in the company's fundamentals.
In the broader market context, Graphite India's short-term performance over the past week shows a decline of 1.67%, contrasting with a minimal decrease of 0.06% in the Sensex, suggesting that the stock is underperforming relative to the benchmark. However, over the longer term, the stock has outperformed the Sensex in the 1-month, 1-year, and 5-year periods, which may provide some reassurance to investors. The overall market sentiment appears to be cautious, as indicated by the falling investor participation and the stock's current price movement, which could be influencing its recent decline.