Why is India Nipp.Elec. falling/rising?

As of 09-Oct, India Nippon Electricals Ltd is experiencing a decline in its stock price, currently at 979.85, which reflects a decrease of 75.9 points or 7.19%. The stock has underperformed its sector by 7.07% today and has been on a downward trend for the last two days, accumulating a total loss of 9.24% during this period. The stock touched an intraday low of Rs 973.5 and exhibited high volatility with an intraday fluctuation of 7.49%. Despite a strong performance over the longer term, with a year-to-date return of 38.33%, the recent declines indicate a shift in investor sentiment, as evidenced by a significant drop in delivery volume by 40.32% compared to the five-day average.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark Sensex, which has gained 1.47% over the past week. While India Nippon Electricals Ltd has shown impressive long-term growth, with a 36.09% return over the past year and a robust operating profit growth rate of 36.40%, the current market conditions and recent price movements suggest a cautious outlook. The company's low debt-to-equity ratio and fair valuation metrics indicate potential for recovery, but the immediate market reaction reflects concerns that may be influencing investor participation negatively.