Why is Piramal Enterp. falling/rising?

As of 07-Jul, Piramal Enterprises Ltd is experiencing a slight decline in its stock price, currently at 1,159.65, reflecting a decrease of 1.1 points or 0.09%. The stock has been losing value for the last two days, with a total drop of 0.14% during this period. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer timeframe. Additionally, the company has shown strong financial performance, with a 136% growth in PAT for the quarter compared to the previous four-quarter average, and a high return on capital employed (ROCE) of 6.20%. However, there has been a significant drop in investor participation, with delivery volume falling by 51.57% against the 5-day average, which may contribute to the stock's recent price decline.
In the broader market context, Piramal Enterprises has outperformed the benchmark index in the past year, generating a return of 24.00% compared to the BSE500's 1.74%. However, in the short term, the stock's performance over the last week shows a gain of 1.64%, while the Sensex has decreased by 0.20%. This indicates that while the stock has been performing well relative to the market over the longer term, the recent decline in price may be influenced by reduced trading activity and investor participation, despite its solid fundamentals and high institutional holdings at 30.46%.