Why is Mah. Seamless falling/rising?

As of 22-Sep, Maharashtra Seamless Ltd is experiencing a decline in its stock price, currently at Rs 615.00, which reflects a decrease of Rs 15.4 or 2.44%. The stock has underperformed its sector by 2.07% today and has touched an intraday low of Rs 612. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has fallen significantly, down by 36.77% compared to the 5-day average, suggesting reduced investor participation. Over the past week, the stock has decreased by 4.12%, and it has seen a year-to-date decline of 12.00%, contrasting with the Sensex's positive return of 5.15% during the same period.
In the broader market context, Maharashtra Seamless Ltd's recent performance contrasts sharply with the benchmark, as it has underperformed significantly over various time frames, including a 7.87% decline over the past month. While the company has shown healthy long-term growth with net sales increasing at an annual rate of 16.93%, the recent flat results and low return on capital employed (ROCE) have raised concerns. Although institutional investors have increased their stake, indicating some confidence in the company's fundamentals, the stock's current premium valuation compared to peers and the high proportion of non-operating income in profit before tax may be contributing to the downward pressure on its price.