Why is Sunlite Recycli. falling/rising?

As of 15-Jul, Sunlite Recycling Industries Ltd is experiencing a decline in its stock price, currently at 170.05, which reflects a decrease of 4.65 or 2.66%. Despite this drop, the stock has shown positive performance over the past week with a return of 3.06%, and it has outperformed the benchmark Sensex, which fell by 1.28%. Additionally, the stock is trading above its moving averages across various time frames, indicating a generally positive trend. Investor participation has also increased, with a notable rise in delivery volume by 34.62% compared to the 5-day average, suggesting growing interest in the stock. However, the stock underperformed its sector by 2.78% today, which may have contributed to the current price decline.
In the broader market context, while Sunlite Recycling has shown a year-to-date return of 12.62%, significantly outperforming the Sensex's 6.56%, the recent price drop may reflect a temporary correction or profit-taking after a strong performance. The stock's performance over the last month is also slightly positive at 1.70%, contrasting with the Sensex's gain of 1.93%. This indicates that while the stock has been resilient overall, the current decline could be influenced by market dynamics or sector-specific challenges that are not detailed in the available data.