Why is Mah. Seamless falling/rising?

As of 03-Jul, Maharashtra Seamless Ltd's stock price is currently at 737.00, reflecting a decrease of 15.6 points or 2.07%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 3.29% during this period. Today's performance indicates that it has underperformed its sector by 1.65%. Despite a positive long-term performance with a 14.41% return over the past year, the stock's profits have decreased by 18.3%, which may be contributing to the current downward trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 52.5% compared to the five-day average, suggesting reduced interest among investors.
In the broader market context, Maharashtra Seamless Ltd's short-term return of -2.98% over the past week contrasts with the Sensex, which has only declined by 0.62%. While the stock has shown strong performance over longer periods, outperforming the BSE500 consistently over the last three years, the recent decline may be influenced by the stock trading at a premium compared to its peers and the falling profits. However, the increase in promoter stake by 0.79% indicates a level of confidence in the company's future, which could provide some support against the recent price decline.