Why is India Nipp.Elec. falling/rising?

As of 26-Aug, India Nippon Electricals Ltd is experiencing a decline in its stock price, currently at 781.50, which reflects a decrease of 13.1 points or 1.65%. The stock has underperformed its sector today by 0.84% and has been on a downward trend for the last two days, accumulating a total decline of 2.26%. Additionally, the stock's performance over the past week shows a decrease of 2.42%, while it has shown a modest increase of 1.10% over the past month. Despite a healthy long-term growth rate in operating profit of 36.40% and a fair valuation indicated by a Price to Book Value of 2.5, the stock has generated a negative return of 3.64% over the past year, even as profits increased by 28.1%. The recent drop in delivery volume by 61.17% against the 5-day average suggests falling investor participation, which may be contributing to the stock's current decline.
In the broader market context, the Sensex has also experienced a slight decline of 1.05% over the past week, indicating that the market environment is somewhat bearish. However, India Nippon Electricals Ltd's performance has been notably worse than the benchmark, particularly in the short term. While the stock has shown strong returns over a longer horizon, such as a 91.26% increase over the past three years, its recent underperformance relative to both the sector and the benchmark may be causing investor concern. This combination of short-term declines, reduced trading volume, and overall market conditions likely explains the stock's current downward movement.