Why is Man Industries falling/rising?

As of 07-Jul, Man Industries (India) Ltd is currently priced at 424.35, reflecting a decrease of 6.95, or 1.61%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 3.46%. Today's trading saw the stock reach an intraday low of Rs 418.9, and the volume traded was concentrated near this low price, indicating weaker investor interest. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.74% and 6.45%, respectively. Additionally, the company reported significant growth in its financials, with a 206.3% increase in profit before tax and a 149.7% rise in profit after tax compared to previous quarters, suggesting strong operational performance. However, the stock is trading at a premium compared to its peers, which may contribute to its recent price volatility.
In the broader market context, while Man Industries has experienced a decline in the short term, it has outperformed the Sensex over the past week, which has seen a slight decrease of 0.20%. Year-to-date, the stock has delivered a remarkable return of 29.69%, significantly higher than the Sensex's 6.79%. This indicates that despite the current price drop, the stock has been on a strong upward trajectory overall. However, the falling investor participation, as evidenced by a 37.69% drop in delivery volume, may be a concern for future performance. Overall, while the company shows strong fundamentals, the recent price movement reflects a combination of short-term selling pressure and reduced market interest.