Why is Maan Aluminium falling/rising?

As of 31-Jul, Maan Aluminium Ltd's stock price is currently at 120.00, reflecting a decrease of 1.5, or 1.23%. The stock has underperformed its sector today by 0.34% and opened with a loss of 2.35%, reaching an intraday low of Rs 118.6. Over the past week, the stock has declined by 0.83%, and in the last month, it has fallen by 1.56%. Despite a significant rise of 264.46% over the past three years, the stock has shown poor long-term growth, with net sales increasing at an annual rate of only 9.10% and operating profit at 14.58% over the last five years. Additionally, the company's profits have decreased by 52.6% over the past year, contributing to a negative sentiment around the stock.
In the broader market context, Maan Aluminium's recent performance contrasts with the Sensex, which has declined by 1.22% over the past week and 3.00% over the last month. The stock's poor performance may be exacerbated by the lack of domestic mutual fund investment, indicating a lack of confidence in its valuation and business prospects. The company's return on capital employed (ROCE) of 13.4 and its expensive valuation, with an enterprise value to capital employed ratio of 3.3, further suggest that investors may be cautious. Overall, the combination of disappointing financial results, a recent trend reversal after three days of gains, and underwhelming investor participation has contributed to the stock's decline.