Why is Hind Rectifiers falling/rising?

As of 08-Aug, Hind Rectifiers Ltd is experiencing a decline in its stock price, currently at Rs 1,837.20, which reflects a decrease of Rs 11.7 or 0.63%. The stock has been on a downward trend for the last four days, resulting in a total drop of 7.69% during this period. Additionally, the stock touched an intraday low of Rs 1,778.45, indicating significant selling pressure. Despite outperforming its sector by 1.05% today, the stock's delivery volume has decreased sharply by 71.01% compared to the 5-day average, suggesting a decline in investor participation. Over the past month, the stock has shown a remarkable increase of 36.09%, but this recent downturn contrasts with its strong year-to-date performance of 32.17% and a staggering 122.00% rise over the past year.
In the broader market context, Hind Rectifiers' short-term performance has been notably better than the benchmark Sensex, which has declined by 0.92% over the past week. While the stock has outperformed the benchmark significantly over longer periods, including a 911.40% increase over three years compared to the Sensex's 35.69%, the recent consecutive declines may reflect market corrections or profit-taking by investors after substantial gains. The liquidity of the stock remains adequate for trading, but the falling delivery volume could indicate a cautious sentiment among investors, contributing to the recent price decline.