Why is Technocraf.Inds. falling/rising?

As of 02-Jul, Technocraft Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 3,116.40, which reflects a decrease of Rs 73.6 or 2.31%. Today's price summary indicates that the stock has underperformed its sector by 3.72% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 3,107.85. Despite this drop, the stock has shown strong performance over the past year, with a return of 7.05%, and has significantly outperformed the BSE500 in the last three years. The company benefits from high management efficiency, a low Debt to EBITDA ratio, and consistent returns, which contribute positively to its overall stability and investor confidence.
In the broader market context, Technocraft Industries has outperformed the benchmark Sensex over various periods, including a 1-week return of 1.15% compared to the Sensex's 0.79% and a year-to-date return of 13.32% versus 6.75% for the Sensex. This indicates that while the stock is currently facing a short-term decline, its longer-term performance remains strong relative to the market. The rising investor participation, as evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock despite today's downturn.