Why is Spectrum Electr. falling/rising?

As of 01-Aug, Spectrum Electrical Industries Ltd is experiencing a decline in its stock price, currently at 1,603.55, which reflects a decrease of 19.5 points or 1.2%. The stock has been losing value for the last two days, with a total drop of 1.49% during this period. Although it has outperformed its sector by 0.89% today, the overall performance indicates a challenging environment, as the electric equipment sector has fallen by 2.09%. The stock has shown positive returns over the past week and month, with increases of 4.04% and 1.92%, respectively, despite the lack of year-to-date and yearly data. The recent rise in investor participation, with a 26.88% increase in delivery volume, suggests some interest, but the stock's movement remains under pressure.
Broader Market Context: In comparison to the benchmark, the Sensex has declined by 1.06% over the past week and 3.70% over the past month, indicating that the broader market is also facing challenges. This context may contribute to the stock's recent performance, as it is not only influenced by company-specific factors but also by the overall market sentiment. The stock's liquidity remains adequate for trading, which could help mitigate some of the downward pressure, but the prevailing trends in both the sector and the market suggest a cautious outlook for investors.