Why is Magellanic Cloud falling/rising?

As of 07-Aug, Magellanic Cloud Ltd's stock price is currently at Rs 90.75, reflecting a decrease of Rs 1.96 or 2.11%. The stock has underperformed its sector by 2.79% today and has experienced a trend reversal after three consecutive days of gains, touching an intraday low of Rs 89.05, which represents a decline of 3.95%. Despite this drop, the stock has shown strong performance over the past week, gaining 7.60%, and over the past month, it has increased by 18.13%. Additionally, it is trading above its moving averages across various time frames, indicating a generally positive trend. Rising investor participation is evident, with a significant increase in delivery volume, which has risen by 204.52% against the five-day average.
In the broader market context, while Magellanic Cloud has seen a decline today, its recent performance contrasts sharply with the benchmark Sensex, which has decreased by 0.69% over the past week. Year-to-date, the stock has outperformed the Sensex, gaining 24.42% compared to the benchmark's 3.18%. However, the stock's one-year performance shows a decline of 26.81%, while the Sensex has increased by 1.45%. This suggests that despite recent volatility, Magellanic Cloud has had a strong recovery in the short term compared to the broader market, although it still faces challenges in the longer term.