Why is Gravita India falling/rising?

As of 08-Aug, Gravita India Ltd's stock price is currently at Rs 1,789.00, reflecting a decrease of Rs 46.15, or 2.51%. Today's price summary indicates that the stock has underperformed its sector by 1.51% and has experienced a trend reversal, falling after two consecutive days of gains. The stock reached an intraday low of Rs 1,766.75, which is a decline of 3.73%. Additionally, the stock's performance over the past week shows a slight decrease of 0.07%, while it has dropped 0.67% over the past month. Despite these short-term declines, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 20.88%, a low debt-to-EBITDA ratio of 1.36 times, and consistent positive results over the last three quarters, which may support its long-term growth potential.
In the broader market context, Gravita India's recent performance contrasts with the benchmark Sensex, which has declined by 0.92% over the past week and 4.60% over the past month. While Gravita has shown a significant increase of 536.88% over the past three years, its year-to-date performance is down by 18.37%, indicating a challenging environment for the stock despite its strong operational metrics. The falling investor participation, with a notable decrease in delivery volume, may also contribute to the stock's downward movement, reflecting a cautious sentiment among investors in the current market conditions.