Why is Refex Industries falling/rising?

As of 01-Aug, Refex Industries Ltd is experiencing a decline in its stock price, currently at Rs 417.50, which reflects a decrease of Rs 14.5 or 3.36%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.71% during this period. Today's performance shows that it underperformed its sector by 1.88%, with an intraday low of Rs 415.15. Despite a strong long-term growth trajectory, with net sales increasing at an annual rate of 29.75% and a low debt-to-EBITDA ratio of 0.67 times, the stock's recent performance has been negatively impacted by its current price movement and the overall market sentiment.
In the broader market context, Refex Industries has shown a positive return of 2.49% over the past week, contrasting with a decline of 1.06% in the Sensex, indicating some resilience in the short term. However, the stock has underperformed over the last month, with a decline of 7.72% compared to the Sensex's drop of 3.70%. This suggests that while the company has strong fundamentals and has consistently generated positive returns over the last three years, recent market dynamics and sector performance may be contributing to the current downward trend in its stock price.