Why is Varroc Engineer falling/rising?

As of 18-Sep, Varroc Engineering Ltd is currently priced at 629.00, reflecting a decrease of 13.7 or 2.13%. The stock has recently underperformed its sector by 2.27% and has fallen after three consecutive days of gains, touching an intraday low of Rs 620.35. Despite this decline, the stock has shown strong performance over the past month with a return of 16.64%, and it remains close to its 52-week high, only 3.18% away. However, the stock's delivery volume has decreased by 6.61% against the five-day average, indicating a drop in investor participation. While the company has demonstrated healthy long-term growth with an annual operating profit increase of 25.99%, its profits have recently fallen by 60.7%, which may be contributing to the current price decline.
In the broader market context, Varroc Engineering's short-term performance of 3.29% over the past week outpaces the Sensex's return of 1.80%. This suggests that while the stock is experiencing a temporary setback, it has generally been performing well compared to the market. The company's strong fundamentals, including a low debt-equity ratio and a fair valuation relative to peers, indicate potential for recovery. However, the recent profit drop and declining investor participation may be causing caution among investors, leading to the current price movement.