Why is Srigee DLM falling/rising?

As of 09-Jun, Srigee DLM Ltd's stock price is currently at Rs 283.50, reflecting a decrease of Rs 34.05 or 10.72%. The stock has underperformed its sector by 10.97% today and has experienced a trend reversal, falling after three consecutive days of gains. The stock reached an intraday low of Rs 280, indicating a decline of 11.82%. Despite this drop, it is noteworthy that Srigee DLM is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 97.99% against the 5-day average, suggesting a level of interest despite the current price decline. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Srigee DLM's performance over the past week shows a return of 17.95%, significantly outperforming the Sensex, which has only increased by 1.32%. This indicates that while the stock is currently experiencing a decline, it has had a strong short-term performance relative to the benchmark. However, the volatility observed today, with an intraday volatility of 6.97%, may reflect market uncertainty or profit-taking after recent gains. Overall, while the stock has shown strong short-term returns, the current decline suggests a correction phase amidst high volatility and sector underperformance.