Why is Shahlon Silk falling/rising?

As of 13-Oct, Shahlon Silk Industries Ltd is experiencing a decline in its stock price, currently at Rs 22.56, which reflects a decrease of Rs 1.65 or 6.82%. The stock has underperformed its sector by 6.44% today and has shown a trend reversal after three consecutive days of gains. It reached an intraday low of Rs 22.26, indicating a significant drop of 8.05%. Despite this decline, the stock has performed well over the past week, with a return of 20.00%, and has outperformed the benchmark Sensex, which only rose by 0.66%. However, over the past year, the stock has slightly underperformed with a return of -0.62% compared to the Sensex's 1.16% gain. The stock is currently trading above its moving averages, suggesting a generally positive trend prior to this drop, and there has been a notable increase in investor participation, with delivery volume rising by 215.38% against the 5-day average.
Broader Market Context: In the short term, Shahlon Silk's performance has been significantly better than the benchmark, as evidenced by its 1-week return of 20.00% compared to the Sensex's 0.66%. This indicates that while the stock is currently facing a decline, it has been on a strong upward trajectory recently. The broader market context shows that the stock's recent downturn may be a temporary correction after a period of strong performance, rather than a reflection of overall market weakness. The liquidity of the stock remains adequate for trading, suggesting that the recent price movement is not due to a lack of market interest.