Why is Modi's Navnirman falling/rising?

As of 15-Sep, Modis Navnirman Ltd is currently priced at 289.50, reflecting a decrease of 8.5, or 2.85%. The stock has recently underperformed its sector by 5% and has experienced a trend reversal, falling after two consecutive days of gains. Today, it opened with a gain of 2.25% but reached an intraday low of Rs 289.1, indicating volatility. Despite this decline, the stock has shown strong performance over various periods, with a year-to-date return of 12.21% and a three-year return of 271.15%. However, there is a notable decrease in investor participation, with delivery volume dropping by 58.86% against the five-day average, which may have contributed to the stock's recent price movement.
In the broader market context, Modis Navnirman Ltd's short-term performance has outpaced the Sensex, with a one-week return of 3.47% compared to the benchmark's 1.24%. This indicates that while the stock has been performing well relative to the market, the recent decline suggests a shift in investor sentiment or profit-taking after a period of gains. Additionally, the construction and real estate sector has gained by 2.28%, which could provide some support for the stock. However, the falling investor participation and the stock's recent underperformance against its sector may be causing concern among investors, leading to the current price decline.