Why is Man Industries falling/rising?

As of 01-Aug, Man Industries (India) Ltd is experiencing a decline in its stock price, currently at 438.20, which reflects a decrease of 9.7 points or 2.17%. The stock has been losing value for the last two days, with a total drop of 3.86% during this period. It opened with a loss of 3.29% today and reached an intraday low of Rs 433.15. The trading volume has also decreased significantly, with delivery volume falling by 57.85% compared to the 5-day average. Despite these short-term challenges, the stock has shown positive performance over the past week and month, with returns of 3.18% and 5.59%, respectively. However, it has underperformed over the past year with a return of -4.24%. The company boasts a low debt-to-equity ratio and has reported strong financial results, including a significant increase in profits and net sales, which suggests a fair valuation despite the current price decline.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week and 3.70% over the past month. This indicates that while Man Industries has been performing better than the benchmark in the short term, the recent price drop may be influenced by sector-wide challenges, as the Steel/Sponge Iron/Pig Iron sector has fallen by 2.27%. The overall market sentiment appears to be cautious, contributing to the stock's downward movement despite its strong fundamentals and positive long-term returns, such as a remarkable 348.29% increase over the past three years.