Why is Jaihind Synth falling/rising?

As of 14-Jul, Jaihind Synthetics Ltd is experiencing a decline in its stock price, currently at Rs 64.90, which reflects a decrease of Rs 1.05 or 1.59%. The stock has recently underperformed its sector by 0.87% and has fallen after three consecutive days of gains. Despite this drop, the stock has shown strong performance over various periods, with a 1-month return of 41.43% and a remarkable 132.20% increase over the past year. However, there has been a notable decrease in investor participation, with delivery volume falling by 66.46% compared to the 5-day average, which may indicate waning interest among investors.
In the broader market context, while Jaihind Synthetics has outperformed the Sensex over the past week with a return of 1.56% compared to the benchmark's decline of 1.42%, the recent price drop suggests a shift in market sentiment. The stock is currently trading close to its 52-week high, just 4.16% away, which may have led to profit-taking among investors. Additionally, the stock remains liquid enough for trading, as indicated by its trading volume relative to the average. Overall, the combination of recent underperformance in the sector and reduced investor participation appears to be contributing to the stock's current downward movement.