Why is Olectra Greentec falling/rising?

As of 25-Jul, Olectra Greentech Ltd's stock price is currently at 1,479.95, reflecting a decrease of 55.35 points or 3.61%. The stock has experienced a trend reversal, falling after three consecutive days of gains, and it touched an intraday low of Rs 1460, marking a decline of 4.9%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. Over the past week, Olectra has outperformed the Sensex with a return of 15.30%, while the Sensex itself has seen a slight decline of 0.36%. Additionally, the company has shown strong financial performance with a significant annual growth rate in net sales and operating profit, alongside positive results for the last three quarters.
In the broader market context, while Olectra Greentech's stock has seen a decline today, it has performed well in the short term compared to the benchmark, with a 1-month return of 24.55% against the Sensex's decline of 1.56%. The automobile sector, specifically trucks and LCVs, has also faced a downturn, falling by 3.46%, which likely contributes to the stock's current price movement. Despite the recent price drop, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, which may support investor confidence moving forward. The rising investor participation, evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock, even amidst the current decline.