Why is InfoBeans Tech. falling/rising?

As of 25-Jul, InfoBeans Technologies Ltd is experiencing a decline in its stock price, currently at Rs 566.30, which reflects a decrease of Rs 28.65 or 4.82%. The stock has recently hit a new 52-week high of Rs 598.65 but has fallen after eight consecutive days of gains, indicating a trend reversal. Today, the stock touched an intraday low of Rs 540.2, showcasing significant volatility with a wide trading range of Rs 58.45. Despite this decline, the stock has outperformed the broader market over the past year, generating a return of 28.70% compared to the BSE500's negative return of -0.19%. The company has also shown strong financial performance, with positive results for the last six consecutive quarters, including record net sales and operating profit margins.
In the broader market context, while InfoBeans Technologies has demonstrated impressive returns over the past month and year, the recent drop in price contrasts with its overall upward trajectory. The stock's performance over the last week has been particularly strong at +33.09%, significantly outperforming the Sensex, which has seen a slight decline of -0.36%. However, the current downturn may be attributed to profit-taking after a substantial rally, as indicated by the recent high trading volume near the lower price range. The liquidity of the stock remains adequate for trading, which may help stabilize its price in the near term.