Why is Mah. Seamless falling/rising?

As of 17-Jul, Maharashtra Seamless Ltd is currently priced at 720.85, reflecting a decrease of 10.15 points or 1.39%. The stock has underperformed its sector by 1.86% today, marking a trend reversal after three consecutive days of gains. Despite this decline, the stock has shown positive performance over the past week, with a return of 1.43%, and a notable increase of 5.00% over the past month. However, it is important to note that while the stock has generated a return of 9.91% over the last year, its profits have decreased by 18.3%. The company maintains a low debt-to-equity ratio and has seen increased participation from institutional investors, who now hold 14.5% of the company, indicating a level of confidence in its fundamentals.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex, which has declined by 1.12% over the past week. However, the year-to-date return of Maharashtra Seamless at 3.14% is below the Sensex's 5.27%, suggesting that while the stock has been resilient in certain periods, it is currently facing challenges that have led to its recent price drop. The stock's trading at a premium compared to its peers' historical valuations may also be contributing to the downward pressure, as investors reassess its fair value amidst fluctuating profit margins.