Why is Greenply Industr falling/rising?

As of 28-Jul, Greenply Industries Ltd is currently priced at 330.00, reflecting a decline of 2.4 points or 0.72%. The stock has been experiencing a downward trend, having lost 3.73% over the last two days. Today, it reached an intraday high of Rs 341.7 but also dipped to a low of Rs 325.1. Despite this recent decline, the stock has shown positive performance over the longer term, with a 5.00% increase over the past month and a notable 80.43% rise over the last three years. The company maintains a strong return on capital employed (ROCE) of 13.7 and is trading at a discount compared to its peers, which suggests attractive valuation metrics. However, falling investor participation, indicated by a significant drop in delivery volume, may be contributing to the recent price decline.
In the broader market context, Greenply Industries has outperformed the benchmark Sensex in various timeframes, including a 2.15% return over the past year compared to the Sensex's -0.54%. This indicates that while the stock is currently facing short-term challenges, its long-term performance remains robust. The stock's liquidity is adequate for trading, and high institutional holdings at 36.94% suggest confidence from more knowledgeable investors. However, the recent consecutive falls and reduced trading volume may reflect a temporary market sentiment that could be impacting the stock's price negatively in the short term.