Why is Kalyani Cast-Tec falling/rising?

As of 17-Jun, Kalyani Cast-Tech Ltd's stock price is currently at Rs 508.60, reflecting a decline of Rs 29.4 or 5.46%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 7.52%. Today's trading saw the stock reach an intraday low of Rs 504, indicating a significant downward movement. Additionally, the stock's delivery volume has decreased by 68.39% compared to the 5-day average, suggesting a drop in investor participation. Despite positive returns over the past month (+29.91%) and year-to-date (+11.72%), the current trend indicates a negative sentiment surrounding the stock.
Broader market context shows that Kalyani Cast-Tech Ltd has outperformed the Sensex in the short term, with a 1-week return of +1.92% compared to the Sensex's -0.98%. However, the recent decline in the stock price contrasts with its previous strong performance, highlighting a shift in market sentiment. The stock's liquidity remains adequate for trading, but the falling investor participation may signal caution among investors, contributing to the stock's current downward trajectory. Overall, while the stock has shown strong performance in the past, recent trends indicate a challenging environment for Kalyani Cast-Tech Ltd.