Why is Olectra Greentec falling/rising?

As of 29-Jul, Olectra Greentech Ltd's stock price is currently at 1,430.45, reflecting a decrease of 4.45 (-0.31%). The stock has been experiencing a downward trend, having lost 6.83% over the last three days. Despite touching an intraday high of Rs 1467.6 earlier in the day, the stock's performance has been characterized by falling investor participation, with delivery volume dropping by 61.51% compared to the five-day average. However, it is noteworthy that the stock is trading above its moving averages across various time frames, indicating some underlying strength. In terms of returns, Olectra has outperformed the Sensex over the past week and month, with increases of 12.55% and 22.05%, respectively, while it has seen a year-to-date decline of 1.11%.
In the broader market context, Olectra's recent performance contrasts with the Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. This suggests that while Olectra has shown resilience in the short term, it is still facing challenges in the context of overall market trends. The company has demonstrated strong fundamentals, with significant growth in net sales and operating profit, alongside positive results for the last three consecutive quarters. This financial health, combined with a low debt-to-equity ratio, supports a hold recommendation for the stock, despite its recent price decline.