Why is Steelcast falling/rising?

As of 07-Jul, Steelcast Ltd's stock price is currently at Rs 1,174.50, reflecting a decrease of Rs 39.85 or 3.28%. Today's price summary indicates that the stock reached a new 52-week high of Rs 1,239.90 earlier in the day but has since fallen, underperforming its sector by 2.49%. The stock has shown strong performance over the past year, with a return of 68.17%, and has consistently outperformed the BSE500 in the last three annual periods. However, the recent trend reversal after two days of gains and a decrease in delivery volume by 12.97% against the five-day average may have contributed to the current decline.
In the broader market context, Steelcast's short-term return of 0.38% over the past week contrasts with a slight decline of 0.20% in the Sensex, indicating that the stock has been performing better than the benchmark recently. Despite the current drop, Steelcast has demonstrated significant growth over longer periods, including a 245.80% increase over three years and a remarkable 1,205.00% rise over five years. The company's low debt-to-equity ratio and positive financial results, including a 43.64% growth in profit before tax, suggest a solid foundation, but the recent price movement may reflect short-term profit-taking or reduced investor participation.