Why is Ashapura Minech. falling/rising?

As of 19-Aug, Ashapura Minechem Ltd's stock price is rising, currently at 522.35, reflecting an increase of 10.85 (2.12%). The stock has shown a positive trend recently, gaining for the last three days with a total return of 4.12% during this period. It outperformed its sector by 1.05% today and reached an intraday high of Rs 527.95. However, the stock has faced some challenges, including a decline in delivery volume by 21.1% compared to the five-day average, indicating a potential decrease in investor participation. Despite this, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 46.20% and operating profit at 50.78%, contributing to a robust return of 55.69% over the past year.
In the broader market context, the stock's performance over the past week shows a decline of 3.55%, while the benchmark Sensex has increased by 1.76%. This indicates that Ashapura Minechem Ltd has underperformed relative to the market in the short term. Nonetheless, its year-to-date performance remains strong at 34.80%, significantly outpacing the Sensex's 4.49% increase. The company’s favorable financial metrics, such as a low debt-equity ratio and a high operating profit to interest ratio, suggest a solid foundation for future growth, despite concerns about management efficiency and low mutual fund holdings, which may affect investor confidence.