Why is ITD Cem falling/rising?

As of 06-Aug, ITD Cementation India Ltd is currently priced at 735.25, reflecting a decrease of 13.7 points or 1.83%. The stock has been on a downward trend, having fallen for three consecutive days, resulting in a total decline of 7.21% during this period. Additionally, the stock has underperformed its sector by 1.45% today. In terms of returns, the stock has experienced a significant decline of 18.34% over the past month, while it has shown a robust increase of 55.44% over the past year. However, the recent performance indicates a negative shift, with a notable drop in investor participation, as evidenced by a 51.58% decrease in delivery volume compared to the five-day average.
Broader Market Context: In comparison to the benchmark Sensex, which has decreased by 1.15% over the past week, ITD Cementation's decline of 6.91% indicates a more pronounced underperformance. The stock's year-to-date performance remains strong at 36.38% compared to the Sensex's 3.08%, but the recent short-term trends suggest a shift in investor sentiment. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, and 50-day averages, which may further contribute to the negative perception among investors. Overall, the combination of declining returns, reduced trading volume, and recent price movements suggests that ITD Cementation is facing challenges in maintaining its previous upward momentum.