Why is Universal Cables falling/rising?

As of 23-Sep, Universal Cables Ltd. is currently priced at 762.65, reflecting a decrease of 10.4 points or 1.35%. The stock has been underperforming recently, having fallen for the last two consecutive days, resulting in a total decline of 4.72%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. The company has shown strong financial performance in its latest results, with significant growth in profit before tax and profit after tax, alongside a favorable debtors turnover ratio. However, the recent price drop suggests that short-term market sentiment may be weighing on the stock despite its solid fundamentals and attractive valuation compared to peers.
In the broader market context, Universal Cables has outperformed the Sensex over the past week and month, with returns of 7.04% and 5.66%, respectively, while the Sensex has seen slight declines. However, year-to-date, the stock is down 6.34%, contrasting with the Sensex's gain of 5.07%. This divergence indicates that while the stock has had periods of strong performance, it is currently facing challenges that may be impacting investor confidence. The increase in delivery volume suggests rising investor participation, which could be a positive sign for future performance, yet the stock's recent underperformance relative to its sector raises concerns that may be influencing its current price movement.