Why is Sheshadri Indus. falling/rising?

As of 24-Oct, Sheshadri Industries Ltd is experiencing a decline in its stock price, currently at Rs. 22.70, which represents a decrease of 1.07 or 4.5%. The stock hit a new 52-week high of Rs. 25.77 earlier in the day but has since fallen after three consecutive days of gains. It has shown high volatility with an intraday range of Rs. 3.65, touching a low of Rs. 22.12. Despite trading above all key moving averages, the stock underperformed its sector by 4.22% today. The recent performance over the past week shows a strong increase of 13.50%, while the year-to-date return stands at an impressive 58.30%. However, the stock has underperformed over the last month with a slight decline of 0.44%.
In the broader market context, the Sensex has only increased by 0.31% over the past week, indicating that Sheshadri Industries' performance is significantly stronger in the short term compared to the benchmark. Despite this, the stock's recent decline may be attributed to profit-taking after reaching a new high and the high volatility observed today. Additionally, the substantial increase in delivery volume suggests rising investor participation, which could be a positive sign for future performance, but the current price movement indicates a correction phase. Overall, while the stock has shown strong long-term returns, the immediate decline reflects a reaction to recent highs and market dynamics.