Why is Rainbow Foundat. falling/rising?

As of 06-Aug, Rainbow Foundations Ltd is experiencing a decline in its stock price, currently at 136.00, which reflects a decrease of 2.75 or 1.98%. The stock has recently underperformed its sector by 0.65% and has seen a trend reversal after 19 consecutive days of gains. Despite this drop, the stock remains close to its 52-week high, only 2.32% away from 139.15. Over the past week, the stock has shown a strong performance with a return of 5.73%, and it has significantly outperformed the benchmark Sensex over various periods, including a remarkable year-to-date return of 313.12% compared to the Sensex's 3.08%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 67.71% against the 5-day average, indicating ongoing interest despite the current price decline.
In the broader market context, while Rainbow Foundations Ltd has experienced a short-term decline, it has significantly outperformed the Sensex, which has seen a decrease of 1.15% over the past week. This contrast highlights the stock's strong performance relative to the market, particularly over longer periods, where it has achieved returns of 476.76% over the past year and 1040.94% over three years. The liquidity of the stock remains adequate for trading, suggesting that the recent price movement may not be due to a lack of market interest. Overall, the recent price drop appears to be a correction after a prolonged period of gains rather than a reflection of broader market weakness.