Why is Mamata Machinery falling/rising?

As of 18-Jul, Mamata Machinery Ltd's stock price is currently at Rs 486.20, reflecting a decrease of Rs 12.7 or 2.55%. The stock has underperformed its sector today by 1.78% and has experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 485, indicating a decline of 2.79%. Over the past week, the stock has seen a return of -1.01%, while it has performed better over the last month with a gain of 13.76%. Despite these fluctuations, the company has shown strong long-term growth, with an operating profit growth rate of 85.43% and a net profit increase of 226.74%, leading to positive results in recent quarters.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 0.90% over the past week, Mamata Machinery's short-term performance has been slightly worse. However, the company's year-to-date performance shows a significant decline of 14.49%, contrasting with the Sensex's gain of 4.63%. This suggests that while the company has had strong quarterly results, the overall market sentiment and recent trading activity, including a notable drop in investor participation, may be contributing to the stock's current downward movement.