Why is Maithan Alloys falling/rising?

As of 06-Oct, Maithan Alloys Ltd. is experiencing a decline in its stock price, currently at 1,158.40, reflecting a decrease of 13.4 points or 1.14%. The stock has underperformed its sector by 0.54% today and has seen a trend reversal after three consecutive days of gains. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Over the past week, the stock has gained 5.32%, and year-to-date, it has increased by 4.36%, although its profits have fallen by 4.8% over the past year. The company maintains a low debt-to-equity ratio and an attractive return on equity, which supports its valuation despite trading at a premium compared to peers.
In the broader market context, Maithan Alloys has outperformed the Sensex over the past week and month, with respective returns of 5.32% and 5.75% compared to the Sensex's 1.77% and 1.34%. However, the stock's recent price decline may be influenced by the overall market sentiment and the recent profit drop, which could be causing investors to reassess their positions. The rising investor participation, evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock, but the current price movement indicates a cautious approach in light of recent performance metrics.