Why is Ram Ratna Wires falling/rising?

As of 11-Jul, Ram Ratna Wires Ltd is experiencing a decline in its stock price, currently at 650.55, which reflects a decrease of 16.8 points or 2.52%. The stock has underperformed its sector by 2.65% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 650.2, indicating a downward trend. Despite a strong long-term performance with a 46.42% return over the past year and a remarkable 544.27% increase over three years, the stock has shown a negative movement in the short term, with a 4.70% decline over the past week and a 3.20% drop over the past month. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 42.62% compared to the five-day average.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has only declined by 1.12% over the past week and is nearly flat over the past month. This suggests that the stock's short-term struggles are more pronounced than the overall market trend. While Ram Ratna Wires has demonstrated healthy long-term growth, with net sales and operating profit increasing annually, the current price movement reflects immediate market pressures and reduced trading activity, which may be contributing to its recent decline.