Why is Magna Electrocas falling/rising?

As of 03-Jul, Magna Electro Castings Ltd is experiencing a decline in its stock price, currently at Rs 1,166.20, which represents a decrease of Rs 68.7 or 5.56%. The stock has been underperforming, having fallen for the last two consecutive days with a total decline of 7.74%. Today's trading activity indicates a low of Rs 1,155.05, and the stock's weighted average price suggests more volume was traded closer to this low. Despite a strong performance over the past year, with a return of 150.42%, recent investor participation has decreased significantly, as evidenced by a 63.97% drop in delivery volume compared to the five-day average. The company's low debt-to-equity ratio and consistent positive results over the last five quarters, including a 23.99% growth in net sales, indicate a solid financial foundation, yet the lack of domestic mutual fund investment may raise concerns about its valuation.
In the broader market context, Magna Electro Castings Ltd has outperformed the Sensex over various time frames, including a 21.87% increase over the past month compared to the Sensex's 3.10%. However, the stock's recent performance has been disappointing relative to its sector, underperforming by 5.39% today. While the long-term outlook remains positive, the current short-term decline may be attributed to reduced investor confidence and participation, despite the company's strong fundamentals and historical performance.