Why is Magna Electrocas falling/rising?

As of 11-Jul, Magna Electro Castings Ltd is experiencing a decline in its stock price, currently at Rs 1,309.00, which reflects a decrease of Rs 6.0 or 0.46%. The stock has been losing value for the past two days, with a total drop of 2.68% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable 173.56% return over the past year and a staggering 648.21% increase over the last three years. Additionally, the company has reported positive financial results for the last five consecutive quarters, with net sales growing by 23.99% and profit after tax increasing by 27.03%. However, the stock's recent performance is tempered by a significant drop in investor participation, as evidenced by a 42.72% decrease in delivery volume compared to the five-day average.
In the broader market context, Magna Electro Castings has outperformed the benchmark Sensex in both the short term and long term, with a 1-week return of 1.82% compared to the Sensex's decline of 1.12%. This indicates that while the stock is currently facing a short-term setback, its overall performance remains strong relative to the market. The stock is also trading above its moving averages, suggesting a generally positive trend despite the recent price drop. The liquidity of the stock remains adequate for trading, which may help stabilize its price in the near future.