Why is Hindalco Inds. falling/rising?

As of 08-Jul, Hindalco Industries Ltd is currently priced at 685.85, reflecting a decrease of 6.65 or 0.96%. The stock has been experiencing a decline, having lost 1.69% over the last two days, and it is currently lower than its 5-day moving averages while remaining above its longer-term moving averages. Despite these short-term challenges, the company has shown strong long-term growth, with net sales increasing at an annual rate of 15.08% and a significant net profit growth of 41.51%. The company has consistently reported positive results over the last six quarters, which, along with high institutional holdings at 56.87%, suggests a strong underlying business. However, the recent drop in delivery volume by 28.37% against the 5-day average indicates a decrease in investor participation, which may be contributing to the stock's current price movement.
In the broader market context, Hindalco's short-term performance has lagged behind the Sensex, which has seen a slight increase of 0.02% over the past week while Hindalco has declined by 1.27%. Despite this recent downturn, the stock has outperformed the benchmark over the longer term, with a year-to-date return of 13.99% compared to the Sensex's 7.13%. This suggests that while the stock is currently facing some headwinds, its overall performance remains robust relative to the market, supported by strong fundamentals and a significant market presence within its sector.