Why is NESCO falling/rising?

As of 01-Aug, NESCO Ltd's stock price is currently at 1,345.40, reflecting a decrease of 32.9 points or 2.39%. The stock has recently hit a new 52-week high of Rs 1430.55 but has fallen after three consecutive days of gains. Today's performance shows that it underperformed its sector by 1.62%, with an intraday low of Rs 1338. Despite this decline, NESCO has demonstrated strong performance over various periods, including a 46.61% return over the last year and a remarkable 207.52% increase over the past five years. The company's low debt-to-equity ratio and majority ownership by promoters suggest a stable financial position, which may contribute to investor confidence despite the recent price drop.
In the broader market context, NESCO's short-term performance has been notably strong, with a 12.38% increase over the past month, while the benchmark Sensex has declined by 3.70% during the same period. This indicates that NESCO has been able to outperform the market significantly in the near term. However, the recent price decline may reflect a natural correction after reaching a high point, coupled with a weighted average price indicating more volume traded near the low price. The rising investor participation, evidenced by a 164.85% increase in delivery volume, suggests ongoing interest in the stock, which may help stabilize its price in the future.