Why is Guj Apollo Inds falling/rising?

As of 23-Jun, Gujarat Apollo Industries Ltd is experiencing a decline in its stock price, currently at 361.30, which reflects a decrease of 1.4 or 0.39%. The stock has been on a downward trend, losing value for the last five consecutive days, resulting in a total drop of 6.6% over that period. Despite opening with a significant gain of 8.89% today and reaching an intraday high of Rs 394.95, the stock has shown high volatility with an intraday volatility of 8.51%. Additionally, the delivery volume has decreased by 58.2% compared to the five-day average, indicating falling investor participation, which may be contributing to the recent price decline. The stock's performance over the past month shows a positive return of 5.83%, and it has outperformed the sector by 1.02% today, but these factors are overshadowed by the recent consecutive losses.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -6.60% compared to the Sensex's slight gain of 0.12%. Year-to-date, however, Gujarat Apollo Industries Ltd has outperformed the benchmark with a return of 11.31% against the Sensex's 4.81%. This contrast highlights that while the stock has shown strong performance over a longer timeframe, recent trends indicate a struggle in the short term, likely influenced by the high volatility and reduced investor engagement.