Why is Welspun Corp falling/rising?

As of 06-Nov, Welspun Corp Ltd. is experiencing a decline in its stock price, currently at Rs 905.00, which reflects a decrease of Rs 19.95 or 2.16%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 6.22% during this period. Today's trading saw the stock reach an intraday low of Rs 890.85, and there has been a notable drop in investor participation, with delivery volume decreasing by 8.25% compared to the five-day average. Despite this short-term downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 11.68% and a remarkable 298.06% rise over the past three years. The company has also reported positive financial results consistently over the last four quarters, indicating healthy long-term growth potential.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.30% over the past week, suggesting that while Welspun Corp is facing short-term challenges, it has still outperformed the benchmark in the longer term. The stock's attractive valuation, supported by a low Price to Book Value ratio and high institutional holdings at 32.68%, indicates that it remains a viable investment despite recent price movements. The company's strong operating profit growth and consistent returns over the past three years further reinforce its potential, even as it navigates current market fluctuations.