Why is Simplex Castings falling/rising?

As of 09-Jul, Simplex Castings Ltd is experiencing a decline in its stock price, currently at Rs 388.05, which reflects a decrease of Rs 7.9 or 2.0%. The stock has underperformed its sector by 1.41% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.47% during this period. Despite this recent decline, the stock has shown strong performance over the past week, month, year-to-date, and over the last three years, with returns of 7.91%, 29.35%, 23.17%, and 1037.98%, respectively. The company has reported significant growth in net profit and consistent positive results over the last four quarters, which indicates strong fundamentals. However, the recent fall in delivery volume by 83.57% against the five-day average suggests a decrease in investor participation, which may be contributing to the stock's current price movement.
In the broader market context, while Simplex Castings has shown impressive long-term returns, its short-term performance has lagged behind the benchmark, with the Sensex only gaining 0.15% over the past week. This indicates that while the stock has been a strong performer historically, recent market conditions may be affecting investor sentiment negatively. The stock's current trading at a discount compared to its peers and its fair valuation may provide some support, but the declining investor participation and recent price movements suggest caution in the short term.