Why is Hindalco Inds. falling/rising?

As of 31-Jul, Hindalco Industries Ltd is experiencing a decline in its stock price, currently at Rs 683.10, which reflects a decrease of Rs 4.05 or 0.59%. The stock has been under pressure, having fallen consecutively for the last two days with a total decline of 1.38%. It opened lower today, down by 2.15%, and reached an intraday low of Rs 672.4. Additionally, the stock's performance over the past week shows a decline of 2.22%, while it has outperformed the sector by 0.3% today. Despite a strong long-term growth outlook, including a net profit increase of 41.51% and consistent positive results over the last six quarters, the stock's recent movement is affected by falling investor participation, as evidenced by a significant drop in delivery volume.
In the broader market context, Hindalco's short-term performance has been weaker than the benchmark Sensex, which has declined by 1.22% over the past week. While Hindalco has shown strong long-term returns, including a 13.53% increase year-to-date and a remarkable 318.82% rise over the past five years, the recent downturn contrasts with its historical performance. The stock's liquidity remains adequate, but the decline in investor participation may indicate a cautious sentiment among traders. Overall, while the company has strong fundamentals and institutional backing, the recent price movement reflects short-term challenges that are impacting investor confidence.