Why is Page Industries falling/rising?

As of 09-Jul, Page Industries Ltd is experiencing a decline in its stock price, currently at Rs 48,655.00, which reflects a decrease of Rs 195.0 or 0.4%. The stock has been losing value for the last two days, with a total decline of 0.62% during this period. Despite this recent downturn, Page Industries has shown strong performance over the past year, generating a return of 23.74%, significantly outperforming the broader market's return of 3.96%. The stock is currently trading above its moving averages, indicating a generally positive trend, although it is 3.73% away from its 52-week high. However, there has been a notable drop in investor participation, with delivery volume falling by 36.58% compared to the 5-day average, which may be contributing to the recent price decline.
In the broader market context, Page Industries has outperformed the Sensex over the past week and month, with returns of 2.37% and 4.78%, respectively, compared to the Sensex's 0.15% and 1.32%. This suggests that while the stock is facing short-term challenges, it has maintained a strong position relative to the market over longer periods. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 67.34%, and a low debt-to-equity ratio, along with high institutional holdings at 52.2%, provide a solid foundation for its long-term prospects. Despite the recent price drop, these factors suggest that the stock remains a strong contender in its sector, although the recent decline in trading volume may raise concerns among investors.