Why is Nelcast falling/rising?

As of 04-Jul, Nelcast Ltd. is currently priced at 146.95, reflecting a decrease of 0.65, or 0.44%. The stock has been underperforming, having lost 1.18% over the last two days, and it has also underperformed its sector by 1.01% today. Despite a strong performance over the past month with a return of 13.69%, the stock has generated a negative return of 3.32% over the past year, indicating a decline in profits by 13.6%. The company recently reported positive quarterly results, showing a significant growth in profit after two consecutive negative quarters, which may provide some support for the stock. However, the falling investor participation, as evidenced by a 16.88% drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, while Nelcast has outperformed the Sensex over the past week and month, the benchmark index has shown a slight decline of 0.74% over the same week. The stock's performance is still relatively strong over the longer term, with a 20.25% return year-to-date compared to the Sensex's 6.77%. However, the recent consecutive falls and lower investor participation could be contributing to the current downward price movement, despite the company's improved financial metrics and attractive valuation compared to peers.