Why is Sejal Glass falling/rising?

As of 21-Aug, Sejal Glass Ltd's stock price is currently at Rs 577.00, reflecting a decrease of Rs 7.0 or 1.2%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite touching an intraday high of Rs 599.75 earlier in the day, it underperformed its sector by 0.9%. Over the past week, the stock has shown a positive return of 6.87%, and it has outperformed the benchmark Sensex over the last month with a return of 20.26%. The company has reported outstanding financial results, including a significant net profit growth of 205.96% and positive results for the last five consecutive quarters, which have contributed to its long-term performance, including a remarkable 77.02% return over the past year.
In the broader market context, while Sejal Glass has shown strong performance in the long term, its year-to-date return is down by 8.85%, contrasting with the Sensex's gain of 4.94%. The stock's recent decline may be attributed to falling investor participation, as evidenced by a 5.41% drop in delivery volume compared to the five-day average. This decline in trading activity, coupled with the stock's current underperformance relative to its sector, suggests that investors may be reassessing their positions after a period of strong gains. Overall, while the stock has demonstrated impressive long-term growth, recent price movements indicate a potential correction phase in response to market dynamics.