Why is Mafatlal Inds. falling/rising?

As of 18-Sep, Mafatlal Industries Ltd is experiencing a price increase, currently at 143.90, with a change of 1.65, representing a rise of 1.16%. The stock has shown positive movement recently, gaining for the last three days and achieving a total return of 1.59% during this period. However, over the past week and month, the stock has underperformed, with returns of -1.47% and -1.30%, respectively. Despite a significant annual decline of -18.49%, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 35.95%. The stock's attractive valuation, indicated by a low Price to Book Value of 1.4 and a PEG ratio of 0.5, suggests it is trading at fair value compared to its peers. However, the low Return on Equity (ROE) of 7.58% and minimal domestic mutual fund investment may indicate concerns regarding management efficiency and investor confidence.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has gained 1.80% over the past week, while Mafatlal Industries Ltd has declined by 1.47%. This underperformance highlights the challenges the company faces in attracting investor interest, particularly given its significant drop in stock price over the past year compared to the market's slight decline of -1.96%. The falling investor participation, as evidenced by a decrease in delivery volume, further underscores the cautious sentiment surrounding the stock. Overall, while there are positive indicators of growth and valuation, the stock's recent upward movement may not be enough to offset the broader concerns reflected in its historical performance and market standing.