Why is Sunlite Recycli. falling/rising?

As of 10-Nov, Sunlite Recycling Industries Ltd is experiencing a decline in its stock price, currently at 245.35, which represents a decrease of 16.75 or 6.39%. Despite this drop, the company has shown strong performance over the past week and month, with returns of 12.44% and 43.90%, respectively. The stock hit a new 52-week and all-time high of Rs. 273.95 earlier today, indicating a recent peak before the current decline. Additionally, the stock is trading above its moving averages for various periods, suggesting a generally positive trend prior to this drop. The rising investor participation, evidenced by a 42.36% increase in delivery volume, also reflects strong interest, although the stock underperformed its sector by 8.36% today.
In the broader market context, the Sensex has seen a slight decline of 0.73% over the past week, contrasting with Sunlite's positive return during the same period. This suggests that while the stock has been performing well relative to the benchmark recently, the current price drop may be influenced by sector-specific factors or profit-taking after reaching a high. The overall market sentiment appears to be stable, with the Sensex showing modest gains over the past month and year, which may not fully account for the recent volatility in Sunlite's stock price.