Why is Oceanic Foods falling/rising?

As of 28-Aug, Oceanic Foods Ltd is currently priced at 72.64, reflecting a decline of 4.69, or 6.06%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 6.94%. Today, it opened with a loss of 2% and reached an intraday low of Rs 72. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 10.73% and 17.45%, respectively. The company has consistently reported positive results over the last eight quarters, with significant growth in net sales and operating profit, which suggests a solid underlying business performance. However, the recent price movement indicates a short-term correction despite the long-term positive outlook.
In the broader market context, Oceanic Foods has outperformed the benchmark Sensex over various periods, including a 32.80% return over the past year compared to the Sensex's decline of 2.08%. This strong performance contrasts with the current short-term decline, which may be influenced by market volatility or profit-taking by investors. The stock's liquidity remains adequate, and there has been a notable increase in investor participation, indicating ongoing interest despite the recent price drop. Overall, while the stock has a strong long-term trajectory, the recent decline reflects short-term market dynamics rather than a fundamental weakening of the company's financial health.