Why is Vardhman Special falling/rising?

As of 24-Sep, Vardhman Special Steels Ltd is experiencing a slight decline in its stock price, currently at 274.70, reflecting a decrease of 0.45 or 0.16%. The stock has shown a trend reversal after three consecutive days of gains, which may have contributed to the current decline. 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. Additionally, while the stock has a year-to-date return of 20.35%, outperforming the Sensex's 4.58%, it has seen a significant drop of 7.27% over the past year. The recent fall in delivery volume by 53.66% against the 5-day average suggests a decrease in investor participation, which could be impacting the stock's price negatively. However, the company maintains high management efficiency with a return on capital employed (ROCE) of 15.08% and a low debt-to-EBITDA ratio of 0.82, indicating strong fundamentals.
In the broader market context, Vardhman Special Steels Ltd's short-term performance of +0.26% over the past week contrasts with the Sensex's decline of -1.18%, suggesting that the stock has been relatively resilient compared to the overall market. The stock's ability to maintain a healthy operating profit growth rate of 61.70% further supports its long-term growth potential. However, the recent drop in investor participation and the slight decline in price may reflect broader market sentiments or profit-taking behavior among investors. Overall, while the stock has strong fundamentals, the recent price movement indicates a cautious approach from investors in the current market environment.