Why is Maan Aluminium falling/rising?

As of 23-Jun, Maan Aluminium Ltd's stock price is currently at 125.15, reflecting an increase of 1.0 or 0.81%. The stock has shown a trend reversal today, gaining after three consecutive days of decline, and reached an intraday high of Rs 127. However, it has underperformed its sector by 1.13%. Over the past week, the stock has decreased by 2.04%, while it has seen a significant increase of 14.41% over the past month. Despite this recent uptick, the stock has struggled over the longer term, with a year-to-date decline of 0.87% and a substantial drop of 14.07% over the past year. The company's poor long-term growth, as indicated by a 52.51% decline in profit after tax over the last six months, and a low return on capital employed (ROCE) of 13.4, contribute to a perception of expensive valuation, which may deter investors.
Broader market context shows that while the BSE 500 has generated a return of 2.78% over the past year, Maan Aluminium has significantly underperformed, leading to negative sentiment surrounding the stock. The stock's delivery volume has also fallen drastically, indicating a decrease in investor participation, which could further pressure the stock price. Despite being liquid enough for trading, the lack of domestic mutual fund investment suggests a lack of confidence in the company's prospects, which may be influencing the stock's recent movements. Overall, while there is a slight upward movement today, the broader context of poor performance and investor sentiment remains a concern for Maan Aluminium Ltd.