Why is Hind Rectifiers falling/rising?

As of 19-Nov, Hind Rectifiers Ltd is experiencing a decline in its stock price, currently at 1,521.00, reflecting a decrease of 1.35 (-0.09%). The stock has been underperforming recently, with a consecutive fall over the last 11 days resulting in a total decline of 18.64%. In terms of returns, the stock has decreased by 4.62% over the past week and 5.00% over the past month, while it has shown strong performance year-to-date with a gain of 9.42%. Despite healthy long-term growth indicators, such as a 30.53% annual increase in operating profit and a net profit growth of 44.75%, the stock's recent performance is overshadowed by its falling investor participation, as evidenced by a 40.31% drop in delivery volume compared to the 5-day average.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark Sensex, which has gained 0.85% over the past week and 1.47% over the past month. This divergence suggests that while the overall market is experiencing positive momentum, Hind Rectifiers is struggling to maintain investor confidence, possibly due to its expensive valuation metrics and the lack of domestic mutual fund investment, which may indicate a lack of comfort with the current price. Although the company has consistently generated returns and reported strong financial results, the recent decline in stock price reflects a combination of short-term market pressures and investor sentiment.