Why is Olectra Greentec falling/rising?

As of 05-Aug, Olectra Greentech Ltd is experiencing a decline in its stock price, currently at 1,446.90, which reflects a decrease of 4.7 points or 0.32%. The stock has underperformed its sector by 1.19% today and has seen a trend reversal after two consecutive days of gains. Despite this recent drop, Olectra has shown strong performance over the past month with a return of 20.65%, while the benchmark Sensex has decreased by 3.26%. However, the stock's delivery volume has fallen significantly, down 43.46% compared to the 5-day average, indicating a decrease in investor participation. Additionally, Olectra is trading above its moving averages across various time frames, suggesting some underlying strength despite the current price drop.
In the broader market context, Olectra's short-term performance of +1.15% over the past week contrasts with the Sensex, which has declined by 0.77%. This indicates that while Olectra has been performing relatively well in the short term, the recent price drop may be influenced by a lack of investor engagement and a reversal in momentum. The stock's year-to-date performance is flat at +0.03%, which is less favorable compared to the Sensex's gain of 3.29%. Overall, the combination of declining investor participation and a recent trend reversal contributes to the current downward movement in Olectra's stock price.