Why is Kirl.Pneumatic falling/rising?

As of 04-Jul, Kirloskar Pneumatic Company Ltd is currently priced at 1,438.40, reflecting a decrease of 10.7 points or 0.74%. The stock has been underperforming its sector, with a performance today that is down by 0.96%. It has experienced a consecutive fall over the last two days, resulting in a total decline of 1.49%. Despite touching an intraday high of Rs 1481, the stock's delivery volume has significantly decreased by 60.07% compared to the 5-day average, indicating a drop in investor participation. However, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. Over the past week, the stock has shown a positive return of 0.81%, while its performance over the last month is notably strong at 8.20%.
In the broader market context, the Sensex has declined by 0.74% over the past week, which indicates that the stock's short-term performance is relatively better than the benchmark. Despite the recent price drop, the company has demonstrated healthy long-term growth, with an annual operating profit growth rate of 34.89% and positive results for the last five consecutive quarters. The stock has consistently outperformed the BSE500 over the last three years, generating a return of 10.40% in the past year. The presence of high institutional holdings at 36.93% suggests that knowledgeable investors are backing the company, which could provide some stability. However, the recent decline in delivery volume and consecutive price falls may reflect short-term market sentiment that is cautious despite the company's strong fundamentals.