Why is Mah. Scooters falling/rising?

As of 01-October, Maharashtra Scooters Ltd is experiencing a decline in its stock price, currently at Rs 16,839.00, which represents a decrease of Rs 418.95 or 2.43%. The stock has underperformed its sector by 2.92% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 4.34%. The stock touched an intraday low of Rs 16,650.1, indicating a significant drop of 3.52%. Despite a strong long-term fundamental strength with a 67.82% CAGR growth in net sales, the stock's profits have fallen by 12.5% over the past year, which may be contributing to the recent price decline. Additionally, the stock is trading at a premium compared to its peers, which could be affecting investor sentiment.
In the broader market context, Maharashtra Scooters Ltd's short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.94% compared to the Sensex's -0.90%. While the stock has shown impressive long-term returns, including a 75.24% increase year-to-date, the recent drop in investor participation, with a 45.43% decline in delivery volume, suggests a lack of confidence among investors. This decline in trading activity, combined with the stock's recent performance against the benchmark, indicates that market sentiment may be shifting negatively, contributing to the stock's current downward trajectory.