Why is National Fitting falling/rising?

As of 17-Oct, National Fittings Ltd is experiencing a decline in its stock price, currently at Rs 194.45, which reflects a decrease of Rs 4.9 or 2.46%. Today's price summary indicates that the stock has underperformed its sector by 1.33%, reaching an intraday low of Rs 194, which is a drop of 2.68%. Over the past week, the stock has seen a decline of 5.19%, although it has performed positively over the last month with a return of 2.07%. Despite this recent downturn, the company has shown strong long-term growth, with operating profit increasing at an annual rate of 48.91% and a significant rise in net sales. The company's low debt-to-equity ratio and attractive valuation metrics suggest a solid financial foundation, which may support future price recovery.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.76% over the past week. While National Fittings has outperformed the benchmark over longer periods, such as a 42.04% return in the last year compared to the Sensex's 3.64%, the short-term decline indicates a potential market correction or profit-taking by investors. The rising investor participation, evidenced by an increase in delivery volume, may suggest that some investors are still confident in the stock's long-term prospects despite the current price drop.