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

As of 04-Jul, Precision Wires India Ltd is currently priced at 186.70, reflecting a decrease of 1.75, or 0.93%. Today's price summary indicates that the stock has underperformed its sector by 0.73%, with trading volume skewed towards lower prices. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend over time. The company has shown strong performance metrics, including a high return on capital employed and record net sales, contributing to consistent returns over the past three years, with a 12.30% return in the last year alone, outperforming the BSE500.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.80%, while the benchmark Sensex has declined by 0.74%. This indicates that Precision Wires India Ltd has been performing relatively well compared to the overall market. However, the recent price drop may reflect a temporary correction despite its strong fundamentals and rising investor participation, as evidenced by a significant increase in delivery volume. The stock's liquidity remains adequate for trading, further supporting its resilience in the market.