Why is HEG falling/rising?

As of 04-Aug, HEG Ltd's current price is 530.05, reflecting a decrease of 2.55, or 0.48%. The stock has been underperforming, having lost 7.5% over the last two days and touching an intraday low of Rs 520.8. Despite this recent decline, HEG has shown strong performance in the longer term, with a 23.19% return over the past year and significant gains of 108.81% over three years. The company maintains a low debt-to-equity ratio and has reported strong quarterly figures, including the highest net sales and operating profit to interest ratio, which suggests solid financial health. However, the stock's recent price movement indicates a struggle, as it has underperformed its sector by 0.4%.
In the broader market context, HEG's short-term performance contrasts with the Sensex, which has only increased by 0.16% over the past week, while HEG has risen by 2.99%. This suggests that while the stock has been volatile recently, it has still managed to outperform the benchmark in the short term. However, the recent consecutive falls and the higher trading volume near the low price indicate a cautious sentiment among investors. Overall, while HEG has demonstrated strong long-term performance, the current decline reflects short-term pressures and market dynamics that are impacting investor confidence.