Why is India Nipp.Elec. falling/rising?

As of 29-Sep, India Nippon Electricals Ltd is experiencing a decline in its stock price, currently at 909.00, which reflects a decrease of 25.95 points or 2.78%. The stock has been underperforming recently, having fallen for four consecutive days, resulting in a total decline of 9.16% during this period. It opened the day with a loss of 2.13% and reached an intraday low of Rs 905. Additionally, the stock's performance over the past week shows a decline of 7.04%, while it has outperformed the benchmark Sensex over the past month with a gain of 14.30%. Despite a healthy long-term growth rate in operating profit and a low debt-to-equity ratio, the stock is currently trading at a premium compared to its peers, which may be contributing to its recent price drop.
Broader Market Context: In the context of the broader market, the stock's recent performance contrasts with the Sensex, which has only declined by 2.18% over the past week. This indicates that while the stock has been underperforming relative to the market, it has shown strong returns year-to-date and over the past year, outperforming the benchmark significantly. The falling investor participation, as evidenced by a 33.68% drop in delivery volume, suggests a decrease in market confidence, which could be influencing the stock's downward movement. Overall, while the company has demonstrated consistent returns and healthy growth metrics, the recent price decline reflects short-term market pressures and investor sentiment.