Why is Sandhar Tech falling/rising?

As of 31-Oct, Sandhar Technologies Limited is experiencing a decline in its stock price, currently at Rs 512.65, which reflects a decrease of Rs 14.25 or 2.7%. The stock has underperformed its sector by 2.07% today and has been on a downward trend for the last three days, accumulating a total decline of 5.93%. The stock touched an intraday low of Rs 510.35 and has seen a significant drop in delivery volume, falling by 33.43% compared to the five-day average. Despite a positive long-term growth outlook, with operating profit increasing at an annual rate of 42.83%, the recent price movement indicates a lack of investor confidence, as evidenced by the falling participation and the stock's performance relative to its moving averages.
In the broader market context, Sandhar Technologies has shown a short-term return of -1.57% over the past week, while the benchmark Sensex has only declined by 0.32%, indicating a relative underperformance. However, over the longer term, the stock has generated a return of 4.39% in the past year, which is slightly lower than the Sensex's 5.73% return. Despite this, the company has consistently outperformed the BSE500 over the last three years, suggesting that while current market conditions may be affecting short-term performance, the long-term fundamentals remain strong, supported by healthy profit growth and attractive valuations compared to peers.