Why is Lucent Industrie falling/rising?

As of 15-Jul, Lucent Industries Ltd's stock price is currently at Rs 1,121.85, reflecting a decrease of Rs 7.15, or 0.63%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, it remains close to its 52-week high, only 4.98% away from Rs 1,175.75. The stock has shown strong performance over the past year, with an impressive return of 807.28%, significantly outperforming the BSE500 index. However, today's performance underperformed the sector by 0.62%, and there has been a notable drop in investor participation, with delivery volume falling by 34.61% against the 5-day average. Positive financial results from March 25, including record high PBDIT, PBT, and PAT, have contributed to the stock's strong historical performance, indicating a solid foundation despite the recent price drop.
Broader market context shows that Lucent Industries has outperformed the benchmark Sensex significantly over various periods, including a 69.98% return over the past month compared to the Sensex's 1.79%. This stark contrast highlights the stock's resilience and strong market position. However, the recent decline in price amidst a backdrop of strong returns suggests a potential profit-taking scenario by investors after a substantial rally. The overall market sentiment may also be influencing the stock's movement, as the Sensex itself has seen a decline of 1.36% over the past week, indicating a broader market pullback that could be affecting investor confidence in Lucent Industries.