Why is Shivalik Bimetal falling/rising?

As of 29-Sep, Shivalik Bimetal Controls Ltd is experiencing a decline in its stock price, currently at Rs 510.70, which reflects a decrease of Rs 26.55 or 4.94%. The stock has underperformed its sector by 4.75% today and has been on a downward trend for the last three days, accumulating a total loss of 9.66% during this period. The stock has also shown high volatility, with an intraday volatility of 8.43%, and has traded within a wide range of Rs 59.1. In terms of longer-term performance, the stock has seen a decline of 10.96% year-to-date and 17.89% over the past year, contrasting with a positive return of 4.19% over the past month.
In the broader market context, the Sensex has declined by 2.18% over the past week, indicating that while Shivalik Bimetal is underperforming, the overall market is also facing challenges. The company's fundamentals show some strengths, such as a high return on equity of 24.10% and a low debt-to-equity ratio of 0.10, which suggest management efficiency and financial stability. However, the falling investor participation, with a significant drop in delivery volume, may be contributing to the stock's recent price decline. Despite the positive growth in operating profit and high institutional holdings, these factors have not been sufficient to counteract the recent negative price movements.