Why is Grasim Inds falling/rising?

As of 30-Jun, Grasim Industries Ltd is currently priced at 2,842.75, reflecting a decline of 22.1 points or 0.77%. The stock has underperformed its sector by 0.3% today and has experienced a consecutive fall over the last two days, resulting in a total decline of 1.29%. Despite this recent downturn, Grasim has shown strong performance over the past week and month, with returns of 4.51% and 11.90%, respectively. The stock is trading above all its moving averages, indicating a generally positive trend. However, there has been a notable decrease in investor participation, with delivery volume dropping by 47.37% compared to the five-day average. Additionally, while the stock has generated a return of 6.51% over the past year, its profits have decreased by 33.8%, which may contribute to current investor caution.
In the broader market context, Grasim's short-term performance has outpaced the Sensex, which has only increased by 2.09% over the past week. The stock's healthy long-term growth, characterized by a 13.81% annual increase in net sales and a strong institutional holding of 34.02%, suggests that it remains an attractive investment despite recent price declines. The company's valuation is appealing compared to its peers, and it has consistently outperformed the BSE 500 over the last three years. However, the recent drop in profits and falling investor participation may be causing some hesitation among investors, impacting the stock's price movement negatively in the short term.