Why is Hindalco Inds. falling/rising?

As of 20-Aug, Hindalco Industries Ltd is experiencing a decline in its stock price, currently at 700.50, which reflects a decrease of 6.4 points or 0.91%. The stock has underperformed its sector by 0.34% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.93%. Over the past week, the stock has shown a slight decrease of 0.06%, while it has performed better over the longer term, with a 3.78% increase over the past month and a significant 16.42% rise year-to-date. Despite this recent downturn, the company has demonstrated strong fundamentals, including a low debt-to-equity ratio of 0.49 and consistent growth in net sales and operating profit. The stock is trading above its moving averages, indicating a generally positive long-term trend, and has high institutional holdings at 56.68%, suggesting confidence from larger investors.
In the broader market context, Hindalco's recent performance contrasts with the Sensex, which has increased by 1.64% over the past week. While the stock has outperformed the benchmark over longer periods, including a 4.15% return over the past year compared to the Sensex's 1.31%, the short-term decline may be influenced by market volatility or sector-specific challenges. The stock's liquidity remains strong, with a delivery volume increase of 7.39% against the five-day average, indicating continued investor interest despite the recent price drop. Overall, while the stock is currently facing downward pressure, its solid fundamentals and long-term performance suggest potential for recovery.