Why is HEG falling/rising?

As of 10-Nov, HEG Ltd's stock price is currently at Rs 519.65, reflecting a decline of Rs 29.6 or 5.39%. The stock has been underperforming, having fallen for the last five consecutive days, resulting in a total decline of 12.03% during this period. Today's performance indicates that it underperformed its sector by 1.62%, with an intraday low of Rs 511.6. Despite a strong performance over the longer term, with a 19.31% increase over the past year and a remarkable 165.22% rise over three years, the recent trend shows a significant downturn. The stock's liquidity remains adequate for trading, although there has been a notable decrease in investor participation, with delivery volume dropping by 54.97% compared to the five-day average.
In the broader market context, HEG's short-term performance contrasts sharply with the Sensex, which has only declined by 0.53% over the past week. The sector, Electrodes & Welding Equipment, has also faced challenges, falling by 3.78%. While institutional investors have increased their stake in HEG by 1.05%, indicating some confidence in the company's fundamentals, the overall market sentiment appears to be weighing on the stock. The company's low debt-to-equity ratio and strong operating profit metrics suggest underlying stability, yet the recent price movement reflects a combination of sector-wide pressures and reduced retail investor activity.