Why is Nitin Castings falling/rising?

As of 18-Sep, Nitin Castings Ltd is currently priced at 575.00, reflecting an increase of 3.3 (0.58%). The stock has shown a mixed performance recently, with a 1-week return of +0.67%, but a significant decline of -11.13% over the past month. Today's trading saw the stock reach an intraday high of Rs 584.95, indicating some positive momentum. However, it is trading below all key moving averages, which suggests a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by -76.24% compared to the 5-day average. Despite these challenges, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 68.52%.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by +1.80% over the past week, Nitin Castings' short-term performance is lagging, indicating a relative underperformance. The stock's year-to-date decline of -17.27% contrasts sharply with the Sensex's gain of +6.24%, highlighting the stock's struggles in the broader market context. While the company has shown attractive valuation metrics and positive operational results, the recent price movements and declining investor interest suggest that market sentiment may be weighing heavily on the stock's performance.