Why is Simplex Castings falling/rising?

As of 31-Oct, Simplex Castings Ltd is experiencing a decline in its stock price, currently at Rs 509.00, which represents a decrease of Rs 33.5 or 6.18%. The stock has underperformed its sector by 5.93% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 501, reflecting a drop of 7.65%. Despite this decline, the stock has shown strong performance over the past month with a return of 28.28% and a year-to-date increase of 61.56%. Additionally, it is trading above its moving averages across various time frames, indicating a generally positive trend prior to today's drop. There is also a notable increase in investor participation, with delivery volume rising by 29.93% against the five-day average, suggesting ongoing interest despite the current price decline.
In the broader market context, Simplex Castings has outperformed the Sensex over the past week, gaining 2.72% compared to the benchmark's slight decline of 0.32%. Over the past year, the stock has significantly outperformed the Sensex, with a return of 57.10% against the benchmark's 5.73%. This indicates that while the stock is facing a short-term setback, its long-term performance remains robust compared to the overall market. The liquidity of the stock also appears adequate for trading, which may help stabilize its price in the future.