Why is NDR Auto Compon. falling/rising?

As of 09-Jun, NDR Auto Components Ltd is experiencing a decline in its stock price, currently at Rs 1,009.10, which reflects a decrease of Rs 56.65 or 5.32%. Today's price summary indicates that the stock has underperformed its sector by 6.43%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 987.25, marking a significant drop of 7.37%. Despite this downturn, the stock has shown impressive performance over the past week, month, year-to-date, and year, with returns of 5.72%, 38.23%, 43.54%, and 148.07% respectively. The company has maintained a strong financial position with a low debt-to-equity ratio and has reported positive results for the last 16 consecutive quarters, contributing to its long-term growth potential.
In the broader market context, while NDR Auto Components has outperformed the Sensex significantly over various periods, including a 5.72% increase over the past week compared to the Sensex's 1.32%, the current decline may be attributed to falling investor participation, as evidenced by a 44.53% drop in delivery volume against the five-day average. The stock remains technically bullish, trading above its moving averages, which suggests that the long-term outlook is still positive despite the recent price drop. The liquidity of the stock is adequate for trading, which may help stabilize its price in the near future.