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

As of 24-Jul, Precision Wires India Ltd is experiencing a decline in its stock price, currently at 187.85, reflecting a decrease of 0.55 (-0.29%). The stock has underperformed its sector by 0.33% today and has been on a consecutive fall for the last two days, resulting in a total decline of 1.65% during this period. Although the stock has shown strong performance over the longer term, with a 20.42% return over the past year and a remarkable 292.07% increase over the last three years, recent trends indicate a drop in investor participation, as evidenced by a 35.24% decrease in delivery volume compared to the five-day average. The stock's moving averages indicate it is currently lower than the 5-day and 20-day averages, which may contribute to the downward pressure on its price.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1.88% decline over the past week compared to a mere 0.09% drop in the Sensex. Despite the recent downturn, the company maintains a low debt-to-equity ratio and has reported positive financial results, including the highest net sales and return on capital employed in recent quarters. These factors suggest that while the stock is currently facing challenges, its long-term fundamentals remain strong, which may provide a basis for recovery in the future.