Why is Hind Rectifiers falling/rising?

As of 16-Jul, Hind Rectifiers Ltd is experiencing a decline in its stock price, currently at 1,299.85, reflecting a decrease of 19.2 points or 1.46%. The stock has underperformed its sector today by 1.52%, and there has been a notable drop in investor participation, with delivery volume falling by 53.66% compared to the 5-day average. Despite this recent downturn, the company has shown strong performance over the last year, with a return of 78.82%, and has consistently reported positive results for the last ten consecutive quarters, including significant growth in profit after tax and net sales.
In the broader market context, Hind Rectifiers' short-term performance over the past week shows a decline of 6.44%, while the benchmark Sensex has only decreased by 1.08%. This indicates that the stock is underperforming relative to the market. However, over the longer term, the stock has significantly outperformed the benchmark, with a remarkable 623.14% increase over the past three years. Despite the recent price drop, the company's consistent returns and strong financial results suggest a solid foundation, although current market conditions and reduced trading activity may be influencing the stock's recent decline.