Why is Mahindra EPC falling/rising?

As of 23-Sep, Mahindra EPC Irrigation Ltd is experiencing a decline in its stock price, currently at 153.25, reflecting a decrease of 1.8 points or 1.16%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 3.59% during this period. Despite showing positive financial results over the last three quarters, including a significant growth in net sales and a low debt-to-equity ratio, the stock's performance over the past month has been poor, with a decline of 12.60%. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the recent price drop.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -0.94% compared to the Sensex's -0.34%. While the stock has outperformed the market over the longer term, with a year-to-date return of 33.90% versus the Sensex's 5.07%, the recent negative momentum and declining investor interest suggest a challenging environment for the stock in the short term. The liquidity of the stock remains adequate for trading, but the combination of recent price declines and lower participation may indicate caution among investors.