Why is Shivalik Bimetal falling/rising?

As of 02-Jul, Shivalik Bimetal Controls Ltd is experiencing a decline in its stock price, currently at Rs 546.25, which reflects a decrease of Rs 14.65 or 2.61%. The stock has underperformed its sector by 4.02% today and has seen a trend reversal after eight consecutive days of gains. It touched an intraday low of Rs 546.2, indicating a downward movement. Despite this recent decline, the stock has shown positive returns over the past week and month, with increases of 9.55% and 10.23%, respectively. However, year-to-date and one-year returns remain negative at -4.76% and -9.78%. The stock is trading above its moving averages, but there has been a significant drop in investor participation, with delivery volume falling by 46.22% compared to the five-day average.
In the broader market context, while Shivalik Bimetal's short-term performance has been strong compared to the benchmark Sensex, which gained only 0.79% over the past week, the stock's year-to-date performance lags behind the Sensex's 6.75% increase. The company's high management efficiency, indicated by a return on equity of 24.10%, and a low debt-to-equity ratio suggest a solid financial foundation. Additionally, the healthy long-term growth in operating profit at an annual rate of 44.23% and high institutional holdings at 24.7% could provide some support for the stock. However, the recent drop in trading volume and the current price decline may reflect a cautious sentiment among investors, impacting the stock's performance negatively in the short term.