Why is Refex Industries falling/rising?

As of 26-Jun, Refex Industries Ltd is currently priced at Rs 462.55, reflecting a decrease of Rs 8.8 or 1.87%. Today's price summary indicates that the stock has underperformed its sector by 2.13% and has experienced a trend reversal after two consecutive days of gains, touching an intraday low of Rs 460. The stock's performance over the past week shows a gain of 5.08%, while it has increased by 6.19% over the past month. Despite this, the year-to-date performance is down by 4.12%. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.67 times and impressive growth in net sales and operating profit, which could support its long-term value, but the recent decline suggests a short-term correction in response to market dynamics.
In the broader market context, while Refex Industries has shown a strong return of 185.79% over the past year, it has lagged behind the Sensex, which has gained 6.46% in the same period. The stock's recent decline may be attributed to falling investor participation, as evidenced by a 17.44% drop in delivery volume compared to the five-day average. This decrease in trading activity, coupled with the stock's current underperformance against the sector, indicates a cautious sentiment among investors, despite the company's solid fundamentals and consistent returns over the last three years.