Why is HEG falling/rising?

As of 07-Nov, HEG Ltd's stock price is currently at 548.30, reflecting a decline of 8.55 points or 1.54%. The stock has been experiencing a downward trend, having fallen for the last four consecutive days, resulting in a 7.18% decrease over the past week. Despite this recent decline, the stock has shown positive performance over the longer term, with a 7.32% increase over the past month and a notable 23.57% rise over the last year. The stock's current price is above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating some strength, but it is below its 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 49.4% compared to the 5-day average, which may contribute to the stock's recent price movement.
In the broader market context, HEG Ltd's recent performance contrasts with the Sensex, which has only declined by 0.86% over the past week. While the stock has shown consistent returns over the last three years and has outperformed the BSE500, the recent decline may be attributed to falling investor participation and a lack of momentum in the short term. However, the increase in institutional investor stakes by 1.05% indicates a positive outlook from more knowledgeable investors, which could provide some support for the stock moving forward. Overall, while HEG Ltd has strong fundamentals, the recent price drop reflects short-term challenges rather than a fundamental weakness in the company.