Why is Mah. Scooters falling/rising?

As of 18-Sep, Maharashtra Scooters Ltd's stock price is currently at Rs 17,650.00, reflecting a decline of Rs 449.0 or 2.48%. The stock has underperformed its sector today by 2.81%, touching an intraday low of Rs 17,549.15, which is a decrease of 3.04%. Despite a strong long-term performance, with a year-to-date return of 83.68% and a three-year return of 249.56%, the stock's recent movement is affected by a drop in investor participation, as evidenced by a 15.36% decrease in delivery volume compared to the five-day average. Additionally, while the stock has shown consistent returns over the past three years, its profits have fallen by 12.5% over the last year, which may be contributing to the current price decline.
In the broader market context, the stock's short-term performance over the past week shows a modest increase of 0.46%, while the benchmark Sensex has risen by 1.80%. This indicates that Maharashtra Scooters Ltd is lagging behind the market in the short term. The stock is trading at a premium compared to its peers, which may also be influencing investor sentiment negatively. Despite its strong long-term fundamentals, including a compound annual growth rate (CAGR) of 67.82% in net sales, the recent profit decline and falling investor participation suggest that market conditions may be weighing on the stock's price.