Why is M & M falling/rising?

As of 24-Sep, Mahindra & Mahindra Ltd's stock price is currently at 3,574.60, reflecting a decrease of 40.95 points or 1.13%. The stock has underperformed its sector today by 0.56% and is 4.15% away from its 52-week high. Despite this decline, the stock has shown strong performance over the past month with a 5.14% increase, and a remarkable 18.79% rise year-to-date. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 14.41% and operating profit at 33.37%. Additionally, the company has declared positive results for the last three consecutive quarters, contributing to a robust return of 16.31% over the past year. However, there has been a notable decline in investor participation, with delivery volume falling by 30.21% against the 5-day average, which may be contributing to the current price drop.
In the broader market context, Mahindra & Mahindra's short-term performance has lagged behind the benchmark, with a 1.66% decline over the past week compared to a 1.18% drop in the Sensex. This suggests that while the stock has shown strong long-term growth and positive fundamentals, recent market conditions and reduced trading activity may be impacting its price negatively. The stock's attractive valuation, high institutional holdings at 68.21%, and consistent returns over the last three years indicate a solid foundation; however, the current underperformance relative to the sector and the decline in investor engagement could be influencing the recent price movement.