Why is Shri Venkatesh falling/rising?

As of 29-Jul, Shri Venkatesh Refineries Ltd's stock price is currently at Rs 246.55, reflecting a decrease of Rs 3.95 or 1.58%. The stock has underperformed its sector by 2.81% today and reached an intraday low of Rs 242, which is a decline of 3.39%. Despite this, the stock has shown strong performance over the past year with an impressive return of 82.77%, significantly outperforming the BSE500 index in each of the last three annual periods. However, the stock's recent price movement may be influenced by a notable drop in investor participation, as the delivery volume fell by 39.49% against the 5-day average, indicating reduced trading interest.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.93%, while the benchmark Sensex has only decreased by 1.03%. This suggests that the stock is facing more significant selling pressure compared to the overall market. Despite the recent downturn, the stock has maintained a strong long-term trajectory, with a year-to-date return of 7.66% compared to the Sensex's 4.09%. The stock remains liquid enough for trading, but the current decline may reflect a temporary correction following its substantial gains over the past year.