Why is Mah. Scooters falling/rising?

As of 03-Jul, Maharashtra Scooters Ltd is experiencing a decline in its stock price, currently at Rs 15,056.00, which reflects a decrease of Rs 258.85 or 1.69%. Today's price summary indicates that the stock is trading close to its 52-week high, just 2.99% away, but it has underperformed its sector by 1.17%. The stock touched an intraday low of Rs 14,900, showing a decrease of 2.71%. Despite this, the stock has demonstrated strong performance over the past week, month, year-to-date, and over the last three years, with returns of 5.60%, 11.61%, 56.69%, and 309.25%, respectively. However, the stock's profits have fallen by 9.5% over the past year, which, coupled with a weak long-term fundamental strength indicated by a low return on equity (ROE) of 0.61%, may be contributing to the recent price decline.
In the broader market context, Maharashtra Scooters has outperformed the benchmark Sensex over various periods, including a 1-year return of 66.71% compared to the Sensex's 4.07%. However, the stock's recent performance is contrasted by a decrease in institutional investor participation, which has fallen by 0.74% in the previous quarter, suggesting a lack of confidence among more sophisticated investors. This decline in institutional interest, combined with flat results in net sales and operating profit growth, may be influencing the stock's current downward movement despite its historical performance.