Why is Mafatlal Inds. falling/rising?

As of 19-Aug, Mafatlal Industries Ltd is experiencing a slight increase in its stock price, currently at 145.90, with a change of 0.1 (0.07%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 1.22% today. Over the past week, the stock has increased by 0.10%, while it has significantly outperformed the benchmark over the last month with a return of 16.21%, despite a year-to-date decline of 24.01%. The company has a low debt-to-equity ratio of 0.05, indicating financial stability, and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 35.95%. However, the stock's return on equity (ROE) is relatively low at 7.58%, which may deter some investors.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has risen by 1.76% over the past week. While the stock has shown positive growth in the short term, its overall performance has lagged behind the market over the past year, with a decline of 14.28% compared to the Sensex's increase of 1.52%. The falling investor participation, as indicated by a 52.22% drop in delivery volume, may also reflect a lack of confidence among investors. Despite the stock trading at a fair value compared to its peers, the absence of domestic mutual fund investment suggests a cautious sentiment towards the company's prospects.