Why is Jasch Gauging falling/rising?

As of 28-Jul, Jasch Gauging Technologies Ltd is experiencing a decline in its stock price, currently at 605.00, reflecting a decrease of 8.95 (-1.46%). Today's price summary indicates that the stock opened with a significant loss of 5.03% and reached an intraday low of Rs 583.05. Despite outperforming its sector by 0.92% today, the stock has fallen after three consecutive days of gains. Over the past week, Jasch Gauging has shown a positive return of 3.44%, while its performance over the past month is even stronger at 11.88%. However, the stock has underperformed over the year with a return of -14.31%, coinciding with a profit decline of 8%. The company maintains a high management efficiency with a return on equity (ROE) of 18.61% and a low debt-to-equity ratio, suggesting a fair valuation.
In the broader market context, the Sensex has declined by 1.59% over the past week and 3.77% over the past month, indicating that the market sentiment is generally negative. While Jasch Gauging's short-term performance has been better than the benchmark, the overall market decline may be influencing investor sentiment and contributing to the stock's current downward movement. Additionally, the electronics components sector has also seen a drop of 2.49%, which could further impact the stock's performance. Despite rising investor participation, as evidenced by an 18.66% increase in delivery volume, the stock's liquidity remains adequate for trading, but the recent price action suggests caution among investors.