Why is Wonder Electric. falling/rising?

As of 30-Jul, Wonder Electricals Ltd is experiencing a decline in its stock price, currently at Rs 161.15, which reflects a decrease of Rs 3.95 or 2.39%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.48% over that period. Despite opening with a gain of 2.97% today and reaching an intraday high of Rs 170, it ultimately touched a low of Rs 159.75. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume dropping by 26.6% compared to the five-day average. Although the company has shown healthy long-term growth with a 30.95% annual increase in net sales and a significant 80.55% growth in net profit, these positive factors have not been sufficient to counteract the recent downward price movement.
In the broader market context, Wonder Electricals Ltd's short-term performance has been weaker than the benchmark, with a 1-week return of -5.48% compared to the Sensex's -1.50%. Over the past month, the stock has also slightly underperformed the benchmark, with a decline of 0.52% against the Sensex's 2.54% drop. Despite the company's consistent returns over the last three years and positive quarterly results, the current market sentiment appears to be negative, contributing to the stock's recent decline.