Why is Lucent Industrie falling/rising?

As of 29-Jul, Lucent Industries Ltd's stock price is currently at Rs 1,130.00, reflecting a decrease of Rs 16.0 or 1.4%. The stock has recently shown a significant decline, touching an intraday low of Rs 1,100, which is a drop of 4.01%. Despite this, the stock has performed well over the past month with a return of 41.17%, and an impressive year-to-date return of 85.86%. However, there has been a notable decline in investor participation, with delivery volume falling by 85.44% against the 5-day average, indicating reduced interest among investors. The stock remains liquid enough for trading, but it is currently 4.34% away from its 52-week high of Rs 1,179. Positive factors contributing to the stock's overall performance include strong financial results from the last six months, with a higher profit after tax and consistent returns over the past three years, outperforming the BSE500 index.
In the broader market context, Lucent Industries' short-term performance has been relatively better than the benchmark, with a 1-week return of -0.80% compared to the Sensex's -1.03%. This indicates that while the stock is experiencing a decline, it is still holding up better than the overall market in the short term. The stock's long-term performance is particularly strong, with a staggering 770.57% return over the past year, significantly outperforming the Sensex, which has remained nearly flat at -0.02%. This suggests that despite the recent price drop, the stock has a solid foundation due to its historical performance and positive financial results, which may influence future investor sentiment.