Why is Thyrocare Tech. falling/rising?

As of 24-Jun, Thyrocare Technologies Ltd is experiencing a decline in its stock price, currently at Rs 960.00, reflecting a decrease of Rs 29.45 or 2.98%. The stock has underperformed its sector by 3.06% today and has been on a downward trend for the last two days, resulting in a total decline of 5.08%. Despite a strong performance over the past year with a return of 52.94%, the stock has shown negative returns of 4.15% over the past week and 5.10% over the past month. The company has reported high management efficiency and positive results in recent quarters, but it also faces challenges such as a poor long-term growth outlook and a high level of pledged promoter shares, which can exert additional downward pressure on the stock price.
In the broader market context, the Sensex has shown a slight increase of 0.58% over the past week, contrasting with Thyrocare's negative performance. While the stock has generated a significant return of 52.94% over the past year, it has lagged behind the benchmark in the short term, indicating that investor sentiment may be shifting. The recent decline in delivery volume and the stock trading below its recent moving averages suggest reduced investor participation, which could further contribute to the stock's downward movement.