Why is Magna Electrocas falling/rising?

As of 15-Jul, Magna Electro Castings Ltd's stock price is currently at 1,289.90, reflecting an increase of 17.9 or 1.41%. Despite a slight underperformance today against its sector, the stock has shown resilience by gaining after three consecutive days of decline. The stock's performance over the past month has been strong, with a return of 19.01%, and it has generated an impressive 168.87% return over the last year. The company has also 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, there has been a notable decline in investor participation, as evidenced by a 74.34% drop in delivery volume compared to the five-day average.
Broader market context indicates that while Magna Electro Castings has outperformed the benchmark Sensex over various time frames, including a 43.96% year-to-date return compared to the Sensex's 5.67%, it has faced challenges in the short term. The stock's performance today is slightly down compared to the sector, and the overall market has seen a decline of 1.36% over the past week. This juxtaposition highlights the stock's ability to maintain a strong long-term trajectory despite recent fluctuations in investor interest and market conditions.