Why is Inox India falling/rising?

As of 02-Sep, Inox India Ltd's stock price is currently at 1,152.30, reflecting a decrease of 22.7 points or 1.93%. The stock has underperformed its sector today by 2.56% and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 1147.2, which is a decline of 2.37%. Over the past week, the stock has shown a modest increase of 1.34%, while its performance over the last month is slightly better at 1.11%. Despite a year-to-date gain of 4.15%, the stock has seen a decline of 2.35% over the past year. The stock's moving averages indicate it is performing better than the 5-day, 20-day, 100-day, and 200-day averages but is lower than the 50-day average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 344.33% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, the Sensex has declined by 0.78% over the past week and 0.55% over the past month, suggesting that the market sentiment is somewhat negative. However, Inox India has shown resilience with a year-to-date performance that outpaces the benchmark. The company's strong management efficiency, reflected in a high return on equity of 27.72%, and a low debt-to-equity ratio may provide some support for the stock despite its recent price decline. Additionally, the increase in institutional investor participation, with a 0.52% rise in their stake, indicates confidence from more sophisticated investors, which could positively influence the stock's future performance.