Why is Hind Rectifiers falling/rising?

As of 15-Jul, Hind Rectifiers Ltd's stock price is currently at Rs 1,319.05, reflecting an increase of Rs 17.05 or 1.31%. Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. Despite opening with a significant loss of 14.67%, the stock reached an intraday high of Rs 1,336.45, demonstrating volatility with a wide trading range of Rs 225.4. Over the past year, the stock has shown impressive growth of 79.95%, significantly outperforming the BSE500 index in each of the last three annual periods. The company has also reported positive financial results for the last ten consecutive quarters, with a notable growth in profit after tax and net sales, which supports the stock's recent upward movement.
In the broader market context, Hind Rectifiers' short-term performance over the past week shows a decline of 2.29%, while the benchmark Sensex has decreased by a lesser 1.36%. This indicates that the stock has underperformed relative to the benchmark in the short term. However, the stock's performance over the last month has been positive, with a return of 2.69% compared to the Sensex's 1.79%. Despite the recent volatility and falling investor participation, the company's consistent returns and strong financial performance over the past quarters provide a foundation for potential recovery, suggesting that the stock may stabilize or rise further in the near future.