Why is Ramco Inds. falling/rising?

As of 06-Nov, Ramco Industries Ltd is experiencing a decline in its stock price, currently at Rs 331.85, which reflects a decrease of Rs 18.85 or 5.37%. The stock has underperformed its sector by 2.5% today and has been on a downward trend for the last two days, accumulating a total loss of 8.67% during this period. The stock reached an intraday low of Rs 328.05, indicating significant selling pressure. Additionally, the stock's performance over the past week shows a decline of 7.76%, while it has outperformed the benchmark Sensex over the longer term, with a year-to-date return of 21.91% compared to the Sensex's 6.62%. Despite positive financial results reported in September, including a 141.8% growth in PAT, the stock's recent movement suggests a reaction to broader market conditions and sector performance.
In the broader market context, the construction materials sector has also seen a decline of 2.82%, which may be contributing to the negative sentiment surrounding Ramco Industries Ltd. The stock's recent performance contrasts sharply with its long-term gains, as it has outperformed the BSE500 over the past three years, one year, and three months. However, the recent drop in delivery volume by 25.82% against the five-day average indicates falling investor participation, which could further exacerbate the stock's decline. While the company maintains a low debt-to-equity ratio and has shown strong profit growth, the current market dynamics and sector performance appear to be influencing the stock's downward trajectory.