Why is SRM Contractors falling/rising?

As of 03-Jul, SRM Contractors Ltd is currently priced at 497.45, reflecting a decrease of 3.95 or 0.79%. The stock has recently hit a new 52-week high of Rs. 509.35 but has underperformed its sector by 0.81% today. After experiencing three consecutive days of gains, the stock has begun to decline, which may be attributed to a significant drop in investor participation, as evidenced by a 52.01% decrease in delivery volume compared to the five-day average. Despite this recent downturn, the stock has shown strong performance over the past year, generating a return of 182.00%, significantly outpacing the market's return of 4.07%. The company has also reported healthy growth metrics, including a 41.41% annual growth rate in operating profit and strong quarterly results.
In the broader market context, while SRM Contractors has outperformed the benchmark Sensex over various periods, including a 1-week return of 1.52% compared to the benchmark's -0.62%, the recent decline in stock price may reflect a broader trend of falling participation from institutional investors, who have reduced their stake by 0.91% in the last quarter. This decline in institutional interest could signal caution among more sophisticated investors, potentially impacting the stock's momentum. Overall, while the company has demonstrated strong fundamentals and growth, the recent price drop may be influenced by market dynamics and investor sentiment.