Why is PTC Industries falling/rising?

As of 07-Aug, PTC Industries Ltd is experiencing a decline in its stock price, currently at Rs 14,935.00, which reflects a decrease of Rs 100.75 or 0.67%. The stock has fallen after two consecutive days of gains, touching an intraday low of Rs 14,596.9, which is a drop of 2.92%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 0.44% and 1.64%, respectively. Additionally, PTC Industries has been trading above its moving averages across various time frames, indicating a generally positive trend. The company has reported strong financials, including a significant growth in net sales and positive results for the last three consecutive quarters, which may support investor confidence despite the current price drop.
In the broader market context, PTC Industries has outperformed the Sensex over multiple time frames, including a year-to-date return of 11.09% compared to the Sensex's 3.18%. However, the stock's recent decline coincides with a decrease in investor participation, as evidenced by a 3.79% drop in delivery volume against the five-day average. This reduced trading activity may contribute to the stock's price movement. While PTC Industries remains the largest company in its sector and has a solid debt-equity ratio, the current market conditions and falling investor interest could be influencing the stock's recent performance.