Why is Mah. Seamless falling/rising?

As of 08-Jul, Maharashtra Seamless Ltd is currently priced at 717.75, reflecting a decrease of 20.55, or 2.78%. The stock has been underperforming, having fallen for the last two days with a total decline of 4.11%. Today's performance indicates that it underperformed its sector by 2.52%, and it reached an intraday low of Rs 715. The stock's recent returns show a decline of 5.51% over the past week, although it has performed better over the longer term with a 12.48% increase over the past year. Despite a low Debt to Equity ratio and a fair valuation indicated by a Price to Book Value of 1.5, the stock's profits have decreased by 18.3%, which may contribute to the recent price drop. Additionally, while promoter confidence has increased with a 0.79% rise in their stake, the falling investor participation, evidenced by a significant drop in delivery volume, suggests a lack of market enthusiasm.
Broader Market Context: In comparison to the benchmark, Maharashtra Seamless Ltd has underperformed in the short term, with a 1-week return of -5.51% against a slight increase of 0.02% for the Sensex. However, over a longer horizon, the stock has outperformed the broader market, generating a 12.48% return over the past year compared to the Sensex's 4.69%. This disparity highlights that while the stock has shown strong performance historically, recent trends indicate a decline that may be influenced by both internal factors, such as falling profits and reduced trading volume, and external market conditions.