Why is SKF India falling/rising?

As of 14-Nov, SKF India Ltd's stock price is currently at 2,041.00, reflecting a decrease of 7.5, or 0.37%. The stock has been experiencing a consecutive decline over the last 10 days, resulting in a total drop of 5.32% during this period. Despite this recent downturn, the stock has shown impressive performance over the longer term, with a 119.67% return over the past year and a remarkable 553.16% increase over the last five years. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume falling by 9.08% against the 5-day average, indicating reduced trading activity.
In the broader market context, SKF India's short-term performance has lagged behind the Sensex, which has gained 1.62% over the past week, while SKF India has declined by 1.80%. Despite this, the company maintains a strong management efficiency with a high return on equity (ROE) of 21.42% and a low debt-to-equity ratio, which supports its valuation. The stock is trading at a discount compared to its peers, and high institutional holdings at 34% suggest confidence among knowledgeable investors. However, the recent profit decline of 5.6% over the past year may be contributing to the stock's current downward trend, despite its long-term market-beating performance.