Why is NESCO falling/rising?

As of 24-Jul, NESCO Ltd's stock price is currently at 1,276.60, reflecting a decrease of 8.95 points or 0.7%. Despite this recent decline, the stock has shown strong performance over the past month, with a return of 24.81%, and has significantly outperformed the BSE500 index over the last year with a return of 40.74%. Today's price summary indicates that the stock is 3.79% away from its 52-week high and has underperformed its sector by 0.42%. Additionally, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. The rising investor participation, evidenced by a 22.65% increase in delivery volume, suggests continued interest in the stock despite the recent price drop.
In the broader market context, NESCO's short-term performance has been relatively strong compared to the benchmark, as it has declined by only 1.02% over the past week while the Sensex has seen a minimal drop of 0.09%. This indicates that the stock is holding up better than the overall market in the short term. The company's low debt-to-equity ratio and majority ownership by promoters further contribute to its stability, supporting a hold recommendation. Overall, while NESCO's stock is experiencing a slight decline, its long-term performance remains robust, and the recent increase in trading volume suggests that investor confidence may still be strong.