Why is Magna Electrocas falling/rising?

As of 17-Jul, Magna Electro Castings Ltd's stock price is currently at Rs 1,290.00, reflecting a decrease of Rs 28.2 or 2.14%. Today's price summary indicates that the stock has underperformed its sector by 1.64% and has experienced a trend reversal after two consecutive days of gains. Although the stock opened with a gain of 2.41% and reached an intraday high of Rs 1,350, it also touched a low of Rs 1,255, indicating volatility. Despite a strong long-term performance, with a 169.34% return over the past year, recent trading shows a decline in investor participation, with delivery volume falling by 57.12% compared to the five-day average. The company has maintained a low debt-to-equity ratio and reported positive results over the last five quarters, with net sales and profit after tax showing significant growth, which supports a hold recommendation.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.90%, while the benchmark Sensex has decreased by only 1.12%. This underperformance in the short term contrasts with the stock's strong year-to-date return of 43.97%, significantly outpacing the Sensex's 5.27% increase. The recent price drop may be attributed to profit-taking after a period of strong gains and reduced trading activity, which could signal caution among investors despite the company's solid fundamentals and historical performance.