Why is Man Industries falling/rising?

As of 31-Jul, Man Industries (India) Ltd is experiencing a decline in its stock price, currently at 447.90, which reflects a decrease of 7.9 points or 1.73%. Today's price summary indicates that the stock has underperformed its sector by 1.44% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 440.5, marking a drop of 3.36%. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend over a longer period. In terms of returns, the stock has shown a 7.93% increase over the past month, contrasting with a 3.86% decrease over the last year, while its profits have risen significantly by 45.9%, indicating strong underlying performance despite recent price movements.
Broader Market Context: In the short term, Man Industries has outperformed the Sensex, which has declined by 1.22% over the past week, while the stock itself has gained 0.76%. This indicates that the stock's recent performance is relatively strong compared to the broader market. The company's low debt-to-equity ratio of 0.08 times and impressive financial results, including a 206.3% growth in profit before tax, contribute to a fair valuation and suggest that the stock may be undervalued compared to its peers. However, the recent price drop could be attributed to profit-taking after a period of gains, reflecting typical market behavior in response to short-term fluctuations.