Why is India Nipp.Elec. falling/rising?

As of 13-Aug, India Nippon Electricals Ltd is experiencing a decline in its stock price, currently at Rs 799.50, which represents a decrease of Rs 12.1 or 1.49%. The stock has underperformed its sector by 3.11% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 789.35, reflecting a drop of 2.74%. Despite this short-term decline, the stock has shown positive performance over the past month with a return of 1.91% and a year-to-date increase of 12.87%. The company has maintained a low debt-to-equity ratio and has reported positive results for the last five consecutive quarters, which includes a record high in net sales and return on capital employed, indicating strong fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has remained relatively flat with a change of -0.01% over the past week. While India Nippon Electricals Ltd has outperformed the Sensex over longer periods, including a 3-year return of 97.90% compared to the benchmark's 35.45%, its short-term performance suggests a potential correction after a period of gains. The decline in delivery volume by 45.22% against the 5-day average indicates falling investor participation, which may contribute to the stock's current downward movement.