Why is Manaksia Alumi. falling/rising?

As of 18-Jul, Manaksia Aluminium Company Ltd's stock price is currently at 29.11, reflecting a decline of 0.65, or 2.18%. The stock has underperformed its sector today by 2%, and this decline follows two consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 10.77% and 7.81%, respectively. It is noteworthy that the stock is trading above its moving averages across various time frames, indicating a generally positive trend. Additionally, the company has reported strong financial results, with net sales growing by 25.15% over the last six months and profits increasing by 18.9% over the past year, contributing to a favorable valuation compared to peers.
In the broader market context, the Sensex has experienced a slight decline of 0.90% over the past week, while Manaksia Aluminium's stock has significantly outperformed this benchmark. However, the year-to-date performance shows the stock down by 8.11%, contrasting with the Sensex's gain of 4.63%. This suggests that while the stock has had a strong short-term performance, its longer-term trajectory remains challenging. The rising investor participation, indicated by a substantial increase in delivery volume, may provide some support, but the recent price drop indicates that market sentiment is currently cautious despite the company's positive financial indicators.