Why is Rallis India falling/rising?

As of 07-Aug, Rallis India Ltd is experiencing a decline in its stock price, currently at Rs 365.65, reflecting a decrease of Rs 7.15 or 1.92%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total drop of 3.83% during this period. Additionally, the stock touched an intraday low of Rs 359, indicating significant selling pressure. The delivery volume has also decreased sharply, with a 52.66% drop compared to the 5-day average, suggesting a decline in investor participation. Despite this, the stock has shown strong performance over the longer term, with a year-to-date increase of 23.11% and a 3-year return of 61.19%, although it has underperformed the benchmark Sensex in the short term.
In the broader market context, Rallis India's recent performance contrasts with the Sensex, which has only declined by 0.69% over the past week. While Rallis has outperformed the benchmark over the longer term, its short-term performance has been lackluster, with a 1-week return of -2.80% compared to the Sensex. This suggests that the stock's recent struggles may be influenced by broader market conditions, despite its strong historical performance. The liquidity of the stock remains adequate for trading, but the falling investor participation could indicate a cautious sentiment among investors in the current market environment.