Why is Linc falling/rising?

As of 03-Jul, Linc Ltd's stock price is currently at Rs 148.70, reflecting a decrease of Rs 4.4 or 2.87%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.19% during this period. Despite opening with a gain of 3.82% today and reaching an intraday high of Rs 158.95, it also touched a low of Rs 148.2, indicating high volatility with an intraday fluctuation of 5.14%. Over the past week, the stock has shown a positive return of 1.74%, although it has underperformed against the sector by 1.83%. While the stock has generated a modest return of 2.23% over the past year, it has experienced a year-to-date decline of 7.67%. Positive factors include a low debt-to-equity ratio, rising promoter confidence with a 1.59% increase in stake, and strong financial results, which contribute to its fair valuation compared to peers.
Broader Market Context: In the context of the broader market, Linc Ltd's recent performance contrasts with the Sensex, which has gained 3.10% over the past month. While Linc has outperformed the benchmark in the long term, including a significant 143.77% increase over three years, its current short-term performance is lagging behind the market. The stock's recent struggles, despite positive financial indicators and rising investor participation, suggest that market sentiment may be weighing on its price, particularly in light of the recent consecutive declines.