Why is Gravita India falling/rising?

As of 06-Nov, Gravita India Ltd's stock price is currently at Rs 1,700.00, reflecting a decline of Rs 67.55 or 3.82%. The stock has been underperforming, having fallen consecutively for the last two days with a total decrease of 5.86%. Today's trading saw the stock reach an intraday low of Rs 1,695.1, and it has experienced a significant drop in delivery volume, down 56.56% compared to the five-day average. Despite a positive performance over the past month with a return of 10.03%, the year-to-date performance shows a decline of 22.43%. The company has maintained high management efficiency and a strong ability to service debt, which could support its long-term growth; however, these positive factors have not been enough to counteract the recent price drop.
In the broader market context, Gravita India's short-term performance has outpaced the benchmark Sensex over the past week, gaining 1.58% compared to the Sensex's decline of 1.30%. However, the stock's year-to-date performance is significantly worse than the Sensex, which has gained 6.62%. This contrast highlights the stock's struggles despite some positive operational metrics and a solid management structure. The overall market sentiment and recent trading activity suggest that investors may be cautious, leading to the stock's current downward trend.