Why is Man Industries falling/rising?

As of 25-Jul, Man Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 424.70, which reflects a decrease of Rs 19.8 or 4.45%. Today's price summary indicates that the stock has underperformed its sector by 2.65% and has fallen after two consecutive days of gains, touching an intraday low of Rs 419.45. Despite a positive performance over the past month with a return of 3.50%, the stock has seen a year-to-date increase of 29.80%. However, it has generated a negative return of 6.76% over the past year. The company has a low debt-to-equity ratio and has reported strong financial results, including a significant growth in profit before tax and net sales, which suggests a fair valuation despite the recent price drop.
In the broader market context, the stock's short-term performance has been weaker compared to the benchmark Sensex, which has only declined by 0.36% over the past week while Man Industries has dropped by 2.78%. This underperformance may be contributing to the stock's current downward trend. Additionally, while the stock is trading at a premium compared to its peers, the recent price movement indicates that investor sentiment may be cautious, particularly after the recent gains. The rising investor participation, as evidenced by increased delivery volume, suggests some underlying interest, but the overall market conditions and the stock's recent performance may be influencing its current decline.