Why is Steelcast falling/rising?

As of 25-Jul, Steelcast Ltd's stock price is currently at 1,170.90, reflecting a decrease of 67.1 points or 5.42%. Today's performance indicates that the stock has underperformed its sector by 4.1%, with an intraday low of Rs 1166.05, marking a decline of 5.81%. Despite a strong long-term performance, with an 82.78% return over the past year, the stock has seen a slight decline of 0.48% over the past week. Additionally, the stock's delivery volume has fallen significantly by 43.39% against the 5-day average, suggesting a decrease in investor participation. However, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.35 times, and has seen positive financial results recently, including a 43.64% growth in profit before tax.
In the broader market context, Steelcast's recent decline contrasts with its benchmark, the Sensex, which has decreased by only 0.36% over the past week. While the stock has outperformed the benchmark over longer periods, such as a 38.29% year-to-date return compared to the Sensex's 4.25%, the recent drop may reflect short-term volatility and reduced trading activity. The increase in institutional investor participation, with a 0.71% rise in stake over the previous quarter, indicates a positive outlook from more sophisticated investors, which could stabilize the stock in the long run despite the current downturn.