Why is India Nipp.Elec. falling/rising?

As of 24-Sep, India Nippon Electricals Ltd is experiencing a decline in its stock price, currently at Rs 969.00, which reflects a decrease of Rs 31.7 or 3.17%. The stock has underperformed its sector by 2.13% today, touching an intraday low of Rs 956.15, which is a drop of 4.45%. Despite this recent downturn, the stock has shown strong performance over the past month with a return of 21.19%, and it has consistently outperformed the benchmark indices over longer periods, including a 36.80% increase year-to-date and a 25.00% increase over the past year. However, the stock is currently trading lower than its 5-day moving average and has seen a significant drop in investor participation, with delivery volume falling by 44.46% against the 5-day average.
In the broader market context, the stock's short-term performance has been notably weaker than the Sensex, which has only declined by 1.18% over the past week. This suggests that while the stock has had a strong long-term trajectory, recent market dynamics may be affecting its immediate performance. The company's low debt-to-equity ratio and healthy operating profit growth indicate a solid financial foundation, yet the stock's current trading premium compared to peers may be contributing to the recent price decline. Overall, while the company has demonstrated consistent returns and growth, the recent drop in stock price may reflect short-term market pressures and reduced trading activity.