Why is Mah. Scooters falling/rising?

As of 31-Oct, Maharashtra Scooters Ltd is experiencing a decline in its stock price, currently at Rs 15,192.00, which represents a decrease of Rs 1,007.95 or 6.22%. The stock has underperformed its sector by 5.49% today, with an intraday low of Rs 15,117, reflecting a drop of 6.68%. Over the past week, the stock has decreased by 7.47%, and despite a strong year-to-date return of 58.10%, its profits have fallen by 12.5%. While the stock is trading at a fair valuation compared to peers, the recent erratic trading patterns and lower moving averages compared to shorter terms indicate a bearish sentiment. However, there is a positive note with rising institutional investor participation, which has increased by 0.67% in the last quarter.
In the broader market context, the Sensex has only declined by 0.32% over the past week, indicating that Maharashtra Scooters Ltd's short-term performance is significantly worse than the benchmark. This underperformance may be attributed to the stock's recent volatility and the negative sentiment surrounding its profit decline, despite its strong long-term fundamentals and consistent returns over the past three years. The stock's liquidity remains adequate for trading, but the combination of recent price movements and profit reductions suggests caution among investors, impacting the stock's current trajectory.