Why is Macpower CNC falling/rising?

As of 18-Sep, Macpower CNC Machines Ltd is experiencing a decline in its stock price, currently at 867.70, reflecting a decrease of 27.85 points or 3.11%. The stock has underperformed its sector by 3.34% today, and its delivery volume has fallen by 23.54% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has dropped by 3.67%, while it has shown a modest gain of 4.88% over the past month. However, the stock's year-to-date performance is significantly negative at -42.36%, and it has underperformed the market over the last year with a return of -32.52%. The company's low debt-to-equity ratio and healthy long-term growth in operating profit are positive factors, but the flat results reported in June and a high price-to-book value suggest an expensive valuation, contributing to the stock's recent decline.
In the broader market context, the Sensex has increased by 1.67% over the past week and 2.20% over the past month, contrasting sharply with Macpower's negative returns. The stock's performance has lagged significantly behind the benchmark, which has generated a negative return of only -1.96% over the last year. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's current valuation or business prospects. Overall, while Macpower CNC has shown strong growth in certain areas, the combination of underperformance relative to the market, declining investor interest, and concerns over valuation are driving the stock's price down.