Why is Gravita India falling/rising?

As of 08-Jul, Gravita India Ltd's stock price is currently at Rs 1,801.00, reflecting a decrease of Rs 34.3 or 1.87%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.97% during this period. Additionally, it has underperformed its sector by 1.5%. The stock's performance over the past week shows a decline of 2.46%, and it has dropped 4.34% over the past month. Despite a strong long-term performance with a 31.56% increase over the past year and an impressive 620.83% rise over three years, the recent trend indicates a decline in investor participation, with delivery volume falling by 30.98% against the five-day average.
In the broader market context, Gravita India Ltd's short-term performance contrasts with the Sensex, which has remained relatively flat with a slight increase of 0.02% over the past week. While the company has demonstrated strong management efficiency and healthy long-term growth, as evidenced by a high ROCE of 20.88% and a low Debt to EBITDA ratio, these positive factors have not been sufficient to counteract the recent price decline. The stock's current liquidity is adequate for trading, but the falling investor interest suggests a cautious sentiment among traders. Overall, the combination of recent underperformance and declining participation has contributed to the stock's current downward movement.