Why is JTEKT India falling/rising?

As of 10-Sep, JTEKT India Ltd's stock price is currently at Rs 169.50, reflecting a decline of Rs 12.6 or 6.92%. Today's price summary indicates that the stock has underperformed its sector by 6.89% and has experienced a trend reversal after three consecutive days of gains, touching an intraday low of Rs 168.55. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 19.03% and 32.94%, respectively. The company benefits from a low debt-to-equity ratio and healthy long-term growth, as indicated by an annual operating profit growth rate of 42.67%. However, the stock's profits have fallen by 31.5% over the past year, which may contribute to the current price drop despite institutional investors increasing their stake by 1.4%.
In the broader market context, JTEKT India's recent performance has outpaced the benchmark Sensex, which has only gained 1.06% over the past week and 1.96% over the past month. This suggests that while the stock is experiencing a short-term decline, it has been performing well relative to the market over a longer timeframe, particularly in the last three years where it has outperformed the BSE500. The increased participation from institutional investors indicates confidence in the company's fundamentals, which may support a recovery in the stock price despite the recent downturn.