Why is Loyal Equipments falling/rising?

As of 01-Aug, Loyal Equipments Ltd is currently priced at 308.00, reflecting a decrease of 1.9 points or 0.61%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, with a total decline of 1.55% during this period. Today, it opened with a significant loss of 4.79% and reached an intraday low of Rs 294.35, although it also touched a high of Rs 318 during the day. Despite this volatility, the stock has shown strong performance over the longer term, with a year-to-date return of 12.00% and an impressive 40.16% increase over the past year. The company has maintained high management efficiency and low debt levels, which are positive indicators, but the recent price movement suggests market pressures may be affecting investor sentiment.
In the broader market context, Loyal Equipments Ltd has underperformed compared to the Sensex in the short term, with a 1-week return of -4.05% against the benchmark's -1.06%. The engineering sector, specifically industrial equipment, has also seen a decline of 2.13%, which may contribute to the stock's recent struggles. However, the stock's long-term performance remains strong, significantly outperforming the benchmark over 1 year, 3 years, and 5 years. The increase in investor participation, as indicated by a 253.34% rise in delivery volume, suggests that there is still interest in the stock despite its recent price decline.