Why is NESCO falling/rising?

As of 13-Aug, NESCO Ltd's stock price is currently at 1,353.00, reflecting a decrease of 18.9 points or 1.38%. Today's price summary indicates that the stock has underperformed its sector by 2.25%, with an intraday high of Rs 1407.7 and a low of Rs 1336.6. The stock has shown a strong performance over the past year, generating a return of 50.48%, and has consistently outperformed the BSE500 over the last three years. However, there is a noted decline in investor participation, with delivery volume falling by 6.47% against the 5-day average, which may contribute to the current price drop. Despite having a low debt-to-equity ratio and being backed by majority shareholders, the recent underperformance and reduced trading volume suggest caution among investors.
In the broader market context, NESCO's short-term performance over the past week shows a decline of 1.47%, while the benchmark Sensex has remained relatively flat with a change of -0.01%. This indicates that while the stock has been declining, it is not significantly diverging from the overall market trend. However, the stock's strong year-to-date return of 39.62% compared to the Sensex's 3.07% suggests that it has been a strong performer in the longer term, despite the recent downturn. The combination of reduced trading activity and sector underperformance may be influencing the current price movement, leading to a cautious outlook among investors.