Why is GRM Overseas falling/rising?

As of 16-Jul, GRM Overseas Ltd's stock price is currently at 385.90, reflecting a decrease of 5.45 points or 1.39%. The stock has recently hit a new 52-week high of Rs. 397.6 but has underperformed its sector by 3.65% today, indicating a trend reversal after two consecutive days of gains. Despite a strong performance over the past year, with an 85.53% return compared to the market's 0.47%, the stock is experiencing a decline in investor participation, as evidenced by a 14.48% drop in delivery volume against the five-day average. The stock remains above its moving averages, which suggests some underlying strength, but the recent price movement indicates a short-term pullback.
In the broader market context, GRM Overseas has outperformed the benchmark Sensex over the past week, gaining 0.77% compared to the Sensex's decline of 1.08%. However, the stock's recent performance contrasts with the overall sector, which has seen a gain of 2.24%. While the stock has shown impressive long-term growth, the current decline may be attributed to reduced investor activity and profit-taking after reaching a new high, which could be impacting its short-term outlook.