Why is Man Industries falling/rising?

As of 28-Oct, Man Industries (India) Ltd is experiencing a price increase, currently at 407.30, reflecting a change of 3.1 or 0.77% upward. Despite this recent gain, the stock has underperformed its sector by 1.01% today and has seen a decline of 2.14% over the past month. The stock has gained after two consecutive days of decline, and while it is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, it remains below the 100-day moving average. The company has a low Debt to Equity ratio of 0.08 times and has generated consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. However, recent financial metrics indicate a decline in PAT and net sales, which have fallen significantly compared to previous quarters, raising concerns about long-term growth.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -0.01% compared to the Sensex's +0.24%. While the stock has shown strong year-to-date and annual returns of 24.48% and 33.85%, respectively, the recent drop in investor participation, as evidenced by a 22.46% decrease in delivery volume, suggests a potential lack of confidence among investors. Additionally, the stock's premium valuation relative to its peers and the absence of domestic mutual fund investment may indicate caution in the market regarding its future growth prospects.