Why is Mahamaya Steel falling/rising?

As of 23-Jul, Mahamaya Steel Industries Ltd is experiencing a decline in its stock price, currently at 353.80, which reflects a decrease of 7.2 points or 1.99%. The stock has underperformed its sector by 0.8% today and has been on a downward trend for the last two days, accumulating a total loss of 3.86%. Despite this recent decline, the stock has shown impressive long-term performance, with a year-to-date increase of 72.59% and a staggering 257.92% rise over the past year. The company has reported significant growth in net profit and sales, which has contributed to its strong historical performance, but the recent volatility and consecutive price falls may be causing investor concern.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -4.66% compared to a slight gain of 0.11% for the Sensex. While Mahamaya Steel has demonstrated remarkable long-term returns, the recent price movement suggests that market sentiment may be shifting, particularly in light of its recent underperformance and high volatility. The rising investor participation, indicated by a significant increase in delivery volume, could suggest that some investors are still optimistic about the company's future despite the current price decline.