Why is Magna Electrocas falling/rising?

As of 25-Jul, Magna Electro Castings Ltd is experiencing a decline in its stock price, currently at 1,268.45, which reflects a decrease of 5.55 or 0.44%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.91% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable increase of 161.59% over the past year and 519.21% over the last three years. However, the stock's current performance is hindered by a significant drop in investor participation, with delivery volume decreasing by 74.77% compared to the five-day average. Additionally, while the stock is above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, indicating some short-term weakness.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex by 4.27% over the past week, while the benchmark has only declined by 0.36%. This short-term underperformance may be contributing to the stock's current price decline. Despite the recent challenges, the company has maintained a low debt-to-equity ratio and has reported positive results for the last five consecutive quarters, with significant growth in both profit after tax and net sales. These factors suggest that while the stock is facing short-term pressures, its long-term fundamentals remain strong, which could support a recovery in the future.