Why is Greaves Cotton falling/rising?

As of 03-Sep, Greaves Cotton Ltd. is currently priced at 226.10, reflecting a decrease of 0.4, or 0.18%. The stock has recently underperformed its sector by 1.15% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this, Greaves Cotton is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The stock has shown strong performance over the past year, with a return of 38.03%, significantly outperforming the broader market, which has seen a decline of 2.41%. Additionally, the company reported a remarkable growth in net profit of 1262.75% in its latest quarterly results, contributing to its positive outlook.
In the broader market context, while Greaves Cotton has demonstrated strong short-term returns, the benchmark Sensex has experienced a slight decline of 0.27% over the past week. This indicates that, despite the stock's recent price drop, it has managed to outperform the market significantly over the past year and month. The increase in investor participation, evidenced by a substantial rise in delivery volume, suggests that there is ongoing interest in the stock, which could support its price in the future. However, the current price decline may be attributed to profit-taking after recent gains and the stock's underperformance relative to its sector today.