Why is NESCO falling/rising?

As of 17-Oct, NESCO Ltd's stock price is currently at 1,324.00, reflecting a decrease of 34.55 points or 2.54%. The stock has underperformed its sector today by 2.17%, following a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 1,318.75, indicating a decline of 2.93%. Over the past week, the stock has seen a decline of 2.96%, and over the past month, it has dropped 12.28%. Despite these short-term challenges, NESCO has shown strong performance over the longer term, with a year-to-date return of 36.63% and a one-year return of 38.85%, significantly outperforming the BSE500 in each of the last three annual periods. The company's low debt-to-equity ratio and consistent returns over the last three years are positive factors, but the recent decline in investor participation, with a 9.5% drop in delivery volume, may be contributing to the current price movement.
Broader market context indicates that while NESCO has faced short-term declines, the broader market, represented by the Sensex, has increased by 1.76% over the past week and 1.52% over the past month. This contrast highlights that the stock's recent performance is not aligned with the overall market trend, suggesting that specific company-related factors are influencing its price more than broader market movements. The stock's liquidity remains adequate for trading, but the recent underperformance compared to the benchmark may be causing investor concern, leading to the observed decline in price.