Why is Piramal Enterp. falling/rising?

As of 20-Aug, Piramal Enterprises Ltd is experiencing a decline in its stock price, currently at 1,171.00, which reflects a decrease of 11.0 points or 0.93%. The stock has underperformed its sector by 0.42% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 1.16% during this period. While the stock has shown a positive return of 3.78% over the past week, it has significantly underperformed over the past month with a decline of 11.64%. Despite the company reporting very positive results in June, including a remarkable growth in net profit and high cash reserves, the recent falling investor participation, indicated by a 53.68% drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, while the stock has outperformed the BSE500 index over the past year with a return of 16.98% compared to the index's negative return of -1.20%, its recent performance indicates a struggle to maintain momentum. The stock's returns over the last three years are notably lower than the benchmark's, which may contribute to investor hesitance. Additionally, the stock's current price is above its longer-term moving averages, yet below its shorter-term averages, indicating mixed signals in market sentiment. Overall, the combination of declining trading volume, recent price drops, and mixed performance relative to the benchmark suggests that investors are cautious about the stock's near-term prospects despite its strong fundamentals.