Why is Graphite India falling/rising?

As of 06-Nov, Graphite India Ltd. is experiencing a decline in its stock price, currently at Rs 590.10, which reflects a decrease of Rs 23.1 or 3.77%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -7.23% over the past week. Today's performance indicates that it has underperformed its sector by 0.39%, with an intraday low of Rs 583.9. Despite a strong long-term performance, including a 9.68% return over the past year, the recent trend shows a significant drop in investor participation, with delivery volume falling by 71.13% against the five-day average. The stock remains liquid enough for trading, but the current momentum is negative.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.30% over the same week. While Graphite India has shown strong long-term performance, outperforming the BSE500 over various periods, the recent decline may be attributed to sector-wide issues, as the Electrodes & Welding Equipment sector has also fallen by 3.34%. Additionally, the increase in institutional investor participation, with a 1.1% rise in stake over the previous quarter, suggests some confidence in the company's fundamentals, but this has not translated into immediate positive price movement amidst the current selling pressure.