Why is Mafatlal Inds. falling/rising?

As of 04-Nov, Mafatlal Industries Ltd is experiencing a decline in its stock price, currently at Rs 176.60, which reflects a decrease of Rs 15.05 or 7.85%. The stock has underperformed its sector by 6.77% today and has been on a downward trend for the last two days, resulting in a total drop of 8.5% during this period. The stock touched an intraday low of Rs 175.1, indicating significant selling pressure. Additionally, the delivery volume has decreased by 57.94% compared to the 5-day average, suggesting a reduction in investor participation. While the stock has shown strong performance over longer periods, such as a 141.95% increase over three years, its year-to-date performance remains negative at -8.02%.
In the broader market context, Mafatlal Industries Ltd's recent short-term performance has been notably poor, with a 10.36% decline over the past week, contrasting sharply with the Sensex, which has only fallen by 1.38% during the same period. This significant underperformance highlights a lack of investor confidence in the stock relative to the overall market. Despite a positive return of 25.25% over the past month, the current downward trend suggests that short-term challenges are outweighing longer-term gains. The liquidity of the stock remains adequate for trading, but the falling investor participation may indicate caution among traders, further contributing to the stock's decline.