Why is Gravita India falling/rising?

As of 05-Aug, Gravita India Ltd's stock price is currently at 1,776.00, reflecting a decrease of 28.95 points or 1.6%. The stock has underperformed its sector today by 1.52%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 70.08% compared to the 5-day average. Over the past week, the stock has decreased by 5.05%, and it has also shown a year-to-date decline of 18.97%, despite a positive annual return of 9.56%. The company has demonstrated strong management efficiency and growth, with a high return on capital employed (ROCE) of 20.88% and consistent positive results over the last three quarters, which may not be enough to offset the recent price decline.
In the broader market context, Gravita India's short-term performance has been notably weaker than the benchmark, with a 1-week decline of 5.05% compared to the Sensex's 0.77% drop. This suggests that the stock is facing challenges that are not solely related to market conditions but may also stem from specific company-related issues, such as reduced trading volume and underperformance against sector peers. Despite the company's healthy long-term growth indicators and ability to service debt effectively, these factors have not translated into positive stock price momentum in the short term, indicating a complex interplay between the company's fundamentals and market sentiment.