Why is Manappuram Fin. falling/rising?

As of 31-Oct, Manappuram Finance Ltd's stock price is currently at 272.20, reflecting a decline of 2.9 points or 1.05%. The stock has been underperforming, having lost 1.72% over the last three days and opened today with a significant gap down of 3.42%. It reached an intraday low of Rs 263, which represents a 4.4% drop. The stock's performance over the past week shows a decline of 2.77%, and over the past month, it has decreased by 4.99%. Despite a strong year-to-date return of 44.59% and a one-year return of 73.38%, the recent trend indicates a struggle, particularly as it has underperformed the sector by 0.32% today. There is a notable increase in investor participation, with delivery volume rising by 45.78% against the five-day average, suggesting some interest despite the price decline.
In the broader market context, the Sensex has shown a slight decline of 0.32% over the past week, which indicates that the market is generally soft, but Manappuram Finance's performance is significantly worse than this benchmark. While the stock has been liquid enough for trading, its moving averages indicate a mixed picture, being above the 200-day moving average but below the shorter-term averages. This suggests that while the stock has had a strong performance historically, recent trends and market conditions are contributing to its current decline. The absence of specific positive or negative factors in the dashboard limits a deeper analysis of the underlying reasons for the stock's movement.