Why is Mafatlal Inds. falling/rising?

As of 19-Sep, Mafatlal Industries Ltd is experiencing a decline in its stock price, currently at 142.10, reflecting a decrease of 1.8 or 1.25%. The stock has underperformed its sector by 1.45% today and has fallen after three consecutive days of gains. Additionally, the stock's performance over the past week shows a slight decline of 0.39%, while it has dropped 2.60% over the past month. Despite a healthy long-term growth in net sales at an annual rate of 35.95%, the company has a low return on equity (ROE) of 7.58%, indicating poor management efficiency. Furthermore, the stock's delivery volume has decreased significantly, falling by 30.73% against the five-day average, which suggests a decline in investor participation.
In the broader market context, the Sensex has increased by 0.88% over the past week, contrasting with Mafatlal Industries' negative return, highlighting its underperformance relative to the market. Over the past year, while the overall market (BSE500) has seen a decline of 1.96%, Mafatlal Industries has experienced a much steeper drop of 18.96%. This significant underperformance may deter potential investors, as indicated by the lack of domestic mutual fund holdings in the company, which could reflect a lack of confidence in its current valuation or business prospects.