Why is Nitin Castings falling/rising?

As of 23-Sep, Nitin Castings Ltd is currently priced at 563.95, reflecting a decrease of 1.95, or 0.34%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total decline of 2.52%. Despite opening the day with a gain of 2.14% and reaching an intraday high of Rs 578, it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has diminished, with delivery volume dropping by 36.07% compared to the 5-day average. Over the past week, the stock has decreased by 3.57%, while its performance over the last month shows a significant decline of 15.70%. Although the company has a low debt-to-equity ratio and has demonstrated healthy long-term growth in operating profit, the stock's return over the past year is negative at -13.53%, indicating challenges in maintaining investor confidence.
In the broader market context, Nitin Castings' recent performance contrasts with the Sensex, which has seen a slight decline of 0.34% over the same week. While the stock has outperformed its sector by 0.47% today, the overall trend indicates a struggle to attract sustained investor interest, particularly given the significant drop in delivery volume. The stock's long-term growth potential is supported by strong operating profit metrics and an attractive valuation relative to peers, but the recent negative returns and falling investor participation suggest that market sentiment remains cautious.