Why is Steelcast falling/rising?

As of 14-Jul, Steelcast Ltd's stock price is currently at 1,160.20, reflecting a decrease of 21.75 points, or 1.84%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 3.58%. Today, it reached an intraday high of Rs 1207.4 but ultimately closed lower. The stock's performance over the past week shows a slight decline of 1.22%, while it has performed well over the longer term, with a 37.03% increase year-to-date and a remarkable 75.19% rise over the past year. Despite these positive long-term trends, recent investor participation has decreased significantly, with delivery volume dropping by 35.82% compared to the five-day average, indicating a potential lack of confidence among investors.
In the broader market context, Steelcast's short-term performance has slightly outperformed the Sensex, which declined by 1.42% over the same week. However, the stock's recent struggles, including a decline in trading volume and consecutive days of price drops, suggest that investors may be reacting to short-term market pressures despite the company's strong financial results and low debt-to-equity ratio. The company's positive performance metrics, such as record net sales and operating profit margins, indicate underlying strength, but the current market sentiment appears to be weighing on the stock's price.