Why is Majestic Auto falling/rising?

As of 19-Aug, Majestic Auto Ltd's stock price is currently at Rs 342.00, reflecting a decrease of Rs 3.0 or 0.87%. The stock has underperformed its sector by 2.08% today, having touched an intraday low of Rs 338, which represents a decline of 2.03%. In terms of returns, the stock has shown a positive performance over the past week with an increase of 9.62%, and a modest rise of 8.04% over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 19.91% and a one-year drop of 15.37%. The company's weak long-term fundamentals, including a -8.35% CAGR growth in operating profits over the last five years and a low return on equity of 2.59%, contribute to its current price movement. Additionally, the stock's valuation appears expensive compared to its peers, further impacting investor sentiment negatively.
Broader market context indicates that while the Sensex has gained 1.76% over the past week, Majestic Auto's performance has been notably stronger in that timeframe, suggesting some investor interest. However, the stock's year-to-date performance is starkly contrasted by the Sensex's gain of 4.49%, highlighting a significant underperformance in the longer term. The overall market has generated negative returns of -0.91% in the last year, yet Majestic Auto's decline of -15.37% indicates a more severe downturn, reinforcing the perception of the stock as a weak investment choice amidst broader market conditions.