Why is Federal-Mogul Go falling/rising?

As of 31-Jul, Federal-Mogul Goetze (India) Ltd is experiencing a decline in its stock price, currently at Rs 571.80, which reflects a decrease of Rs 9.5 or 1.63%. The stock has underperformed its sector by 0.7% today and has been on a downward trend for the last two days, accumulating a total loss of 1.86%. It opened with a significant gap down of 3.23% and reached an intraday low of Rs 554.7, marking a decline of 4.58%. Over the past week, the stock has decreased by 3.44%, while it has shown a modest increase of 0.05% over the last month. Despite a strong year-to-date performance of 51.43%, the recent price movements indicate a shift in investor sentiment, compounded by a notable drop in delivery volume by 46.52% against the five-day average.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex declining by only 1.22% over the same week. While the company boasts a low debt-to-equity ratio and impressive long-term growth metrics, including a 39.79% annual growth rate in operating profit, the lack of significant domestic mutual fund investment may signal caution among institutional investors. This could contribute to the recent price decline, as the market may perceive the low stake from domestic funds as a lack of confidence in the current valuation. Overall, while the company has demonstrated strong fundamentals and long-term performance, the recent price drop reflects immediate market pressures and investor hesitance.