Why is Maithan Alloys falling/rising?

As of 27-Jun, Maithan Alloys Ltd. is currently priced at 1,223.00, reflecting a decrease of 3.9 points or 0.32%. The stock has been underperforming its sector, having fallen consecutively for the last two days with a total decline of 0.57%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 7.12% and 10.57%, respectively. Additionally, the company has a low debt-to-equity ratio and an attractive return on equity of 16.8, indicating solid financial health. However, it is trading at a premium compared to its peers, which may be contributing to the recent price pressure.
In the broader market context, while Maithan Alloys has outperformed the Sensex over the past week and month, the stock's recent decline contrasts with the benchmark's more stable performance. The Sensex has gained 2.00% over the past week and 3.07% over the past month, suggesting that the overall market sentiment remains positive. The rising investor participation, indicated by an increase in delivery volume, could signal potential buying interest, but the stock's current underperformance relative to its sector and the broader market may be causing caution among investors.