Why is Suprajit Engg. falling/rising?

As of 01-Jul, Suprajit Engineering Ltd is currently priced at 474.25, reflecting a decline of 9.2 points or 1.9%. The stock has underperformed its sector by 1.96% today and has experienced a trend reversal, falling after two consecutive days of gains. The stock touched an intraday low of Rs 472.6, indicating a decrease of 2.24%. Despite this decline, Suprajit Engineering has shown positive performance over the past week and month, with returns of 7.91% and 13.33%, respectively. However, it has underperformed on a yearly basis, with a decline of 8.22% compared to a 5.31% increase in the Sensex. The stock is trading above its moving averages, but there has been a notable drop in investor participation, with delivery volume decreasing by 6.39% against the five-day average.
In the broader market context, while Suprajit Engineering has shown strong returns over the past three and five years, its recent performance contrasts with the Sensex, which has gained 2.00% over the past week and 2.76% over the past month. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 16.39%, and a low debt-to-equity ratio suggest solid fundamentals. Additionally, the high institutional holdings at 24.25% imply that knowledgeable investors are backing the company. However, the recent decline in stock price and delivery volume may indicate short-term concerns among investors, overshadowing these positive factors.