Why is Hind Rectifiers falling/rising?

As of 03-Jul, Hind Rectifiers Ltd is currently priced at Rs 1,297.10, reflecting a decrease of Rs 22.9 or 1.73%. Today, the stock has underperformed its sector by 5.01% and opened with a loss of 3.83%, reaching an intraday low of Rs 1,269.4. Despite this decline, the stock has shown strong performance over the past year, with an impressive return of 89.36%, and has consistently generated positive results over the last ten quarters, including a significant growth in profit after tax. However, the recent trend reversal after four consecutive days of gains indicates a shift in momentum, contributing to the current price drop.
In the broader market context, Hind Rectifiers' short-term performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.62% over the past week while the stock itself has gained 3.69%. Despite the recent downturn, the stock has outperformed the BSE500 in the last three annual periods, showcasing its resilience. The electronics components sector has also gained by 3.26%, indicating a favorable environment for the industry, yet the stock's current liquidity and rising investor participation suggest that the recent price drop may be temporary as market conditions remain supportive.