Why is Nitin Castings falling/rising?

As of 11-Jun, Nitin Castings Ltd is experiencing a decline in its stock price, currently at Rs 670.00, which reflects a decrease of Rs 10.00 or 1.47%. The stock has underperformed its sector by 2.39% today and has been on a downward trend for the last two days, accumulating a total drop of 6.29%. It opened lower today, with a gap down of 2.93%, and reached an intraday high of Rs 694.45 before falling to a low of Rs 660. The stock's performance over the past week shows a decline of 1.47%, while it has increased by 10.02% over the past month. However, the stock has generated a negative return of 7.23% over the past year, with profits falling by 11.6%. Despite a healthy long-term growth rate in operating profit and a low debt-to-equity ratio, the stock is trading at a premium compared to its peers, which may be contributing to investor caution.
In the broader market context, the Sensex has shown a positive return of 1.87% over the past week and 3.85% over the past month, indicating that the market is generally performing well. This contrasts with Nitin Castings' recent performance, which has been negative in the short term. The stock's decline is further compounded by falling investor participation, as evidenced by a 17.27% drop in delivery volume compared to the five-day average. While the company has strong fundamentals, the recent price movements suggest that investor sentiment may be influenced by the stock's recent underperformance relative to the benchmark and the overall market.