Why is India Nipp.Elec. falling/rising?

As of 17-Nov, India Nippon Electricals Ltd is experiencing a decline in its stock price, currently at 855.25, which reflects a decrease of 73.1 points or 7.87%. The stock has underperformed its sector by 8.3% today and has been on a downward trend for the last three days, accumulating a total loss of 12.67% during this period. The stock reached an intraday low of Rs 853 and exhibited high volatility with an intraday fluctuation of 6.4%. Despite this recent downturn, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 36.40% and a return on equity of 11.6%. However, the stock is currently trading at a premium compared to its peers, which may contribute to the recent price decline.
In the broader market context, the stock's performance over the past week has been notably poor, with a return of -12.46%, while the benchmark Sensex has gained 1.69%. This stark contrast highlights the stock's struggles relative to the overall market. Despite a year-to-date return of 20.74% and consistent returns over the last three years, the recent performance indicates a significant short-term weakness. The rising investor participation, as evidenced by a 259.57% increase in delivery volume, suggests that there may still be interest in the stock, but the current market sentiment appears to be negative, leading to its recent price decline.