Why is Prec. Wires (I) falling/rising?

As of 02-Jul, Precision Wires India Ltd is experiencing a decline in its stock price, currently at Rs 185.15, which reflects a decrease of Rs 3.05 or 1.62%. Today's price summary indicates that the stock has underperformed its sector by 1.05% and has fallen after three consecutive days of gains, touching an intraday low of Rs 179.25, which represents a drop of 4.76%. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 8.27% and a remarkable 330.81% rise over the past three years. The company also reported positive financial results, including the highest return on capital employed at 26.19% and record net sales of Rs 1,054.38 crore, contributing to its consistent returns over the last year and outperforming the BSE500 index.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -0.99% compared to the Sensex's gain of 0.79%. This underperformance may be attributed to the recent price drop and the stock's trend reversal after a brief period of gains. However, the rising investor participation, indicated by a significant increase in delivery volume, suggests that there is still interest in the stock despite its current decline. The liquidity of the stock remains adequate for trading, which could support future price recovery as market conditions evolve.