Why is Steelcast falling/rising?

As of 23-Jul, Steelcast Ltd's stock is currently priced at 1,206.85, reflecting a decrease of 5.0 points or 0.41%. The stock has recently underperformed its sector by 1.2% and has experienced a trend reversal after two consecutive days of gains. Despite touching a new 52-week high of Rs 1,272.55 earlier in the day, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Over the past month, Steelcast has shown a return of 9.26%, significantly outperforming the Sensex's 1.01% gain, and has delivered an impressive 87.98% return over the past year. The company also boasts a low Debt to EBITDA ratio of 0.35 times, indicating a strong ability to service its debt, which may contribute to investor confidence.
In the broader market context, while Steelcast's short-term performance has been slightly negative, it has outperformed the benchmark index over longer periods, including a remarkable 179.23% increase over the past three years compared to the Sensex's 47.54%. The recent increase in institutional investor participation, with a 0.71% rise in their stake, suggests growing confidence in the company's fundamentals. However, the stock's recent decline may be attributed to profit-taking after reaching a high, despite its strong long-term performance and positive quarterly results, which include significant growth in net sales and profit before tax.