Why is Mamata Machinery falling/rising?

As of 31-Jul, Mamata Machinery Ltd is experiencing a decline in its stock price, currently at Rs 523.00, which reflects a decrease of Rs 3.1 or 0.59%. Today's price summary indicates that the stock underperformed its sector by 1% and opened with a loss of 3.4%. After two consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 502.65, which is a drop of 4.46%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 3.27% and 31.74%, respectively. The company has also demonstrated healthy long-term growth, with significant increases in operating profit and net profit, which could support its valuation despite the current price drop.
In the broader market context, the Sensex has declined by 1.22% over the past week and 3.00% over the past month, indicating that Mamata Machinery's recent performance is relatively strong compared to the benchmark. However, the year-to-date performance shows a decline of 8.02% for the stock, contrasting with a 3.90% increase in the Sensex. This suggests that while the stock has had positive short-term returns, it is still facing challenges in the longer term. The company's low debt-to-equity ratio and impressive growth metrics may provide some reassurance to investors, but the current price movement reflects a temporary setback in the face of broader market trends.