Why is Linc falling/rising?

As of 01-Jul, Linc Ltd's stock price is currently at 153.50, reflecting a decrease of 1.7, or 1.1%. The stock has recently underperformed its sector by 1.5% and has experienced a trend reversal, falling after five consecutive days of gains. Despite this decline, Linc is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this drop. The stock has shown strong performance over the long term, with a 5.72% return over the past year and a remarkable 151.64% increase over the last three years. Additionally, the company has reported positive financial results, including the highest net sales and operating profit margins in its recent quarterly report, and has a low debt-to-equity ratio, which contributes to its attractive valuation.
In the broader market context, Linc's short-term performance has lagged behind the benchmark, with a 1-week return of 5.97% compared to the Sensex's 2.00%. However, the stock's long-term performance has outpaced the BSE500 over various periods, indicating resilience and investor confidence. The recent increase in promoter stake by 1.59% suggests strong confidence in the company's future, which may help stabilize the stock despite the recent decline. Overall, while Linc Ltd is facing a short-term setback, its long-term fundamentals and positive market indicators provide a supportive backdrop for potential recovery.