Why is Mah. Scooters falling/rising?

As of 05-Sep, Maharashtra Scooters Ltd is currently priced at Rs 16,769.00, reflecting a decrease of Rs 86.0, or 0.51%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. It is currently trading close to its 52-week high, just 1.75% away from Rs 17,062.45. Despite this, the stock underperformed its sector by 1% today and touched an intraday low of Rs 16,352, which is a decline of 2.98%. Over the past week, the stock has shown a strong performance with a return of 6.58%, and it has significantly outperformed the benchmark Sensex over various periods, including a 74.51% return year-to-date.
In the broader market context, while Maharashtra Scooters has demonstrated impressive long-term performance, including a 69.50% return over the past year, it has also faced challenges, such as a 12.5% decline in profits during the same period. The stock's liquidity remains adequate, although there has been a slight decrease in investor participation, as indicated by a 1.32% drop in delivery volume compared to the five-day average. Overall, the stock's strong fundamentals, including a 67.82% CAGR growth in net sales and fair valuation compared to peers, suggest resilience, but the recent price drop may reflect profit-taking after a period of strong gains and concerns about declining profits.