Why is Hindalco Inds. falling/rising?

As of 01-Jul, Hindalco Industries Ltd is currently priced at 694.65, reflecting a decrease of 0.35 (-0.05%). The stock has been experiencing a slight decline, having fallen for the last two consecutive days with a total return of -0.42% during this period. Despite this recent downturn, Hindalco has shown strong performance over the past week and month, with returns of +3.75% and +9.68%, respectively. The stock is trading above its moving averages across various time frames, indicating a generally positive trend. However, there has been a decline in investor participation, with delivery volume decreasing by 7.29% compared to the five-day average. The company has demonstrated healthy long-term growth, with net sales and operating profit increasing significantly, and it has consistently reported positive results over the last six quarters.
In the broader market context, Hindalco's short-term performance of +3.75% over the past week outpaces the Sensex, which has risen by 2.00% in the same period. This suggests that while the stock is currently facing a minor setback, it has been performing well relative to the market overall. The company's strong fundamentals, including high institutional holdings and attractive valuation metrics, support its long-term growth potential, which may help mitigate the impact of the recent price decline. Despite the current drop, the overall positive financial indicators and market position of Hindalco suggest that the stock remains a solid investment in the long run.