Why is Mangalam Alloys falling/rising?

As of 11-Sep, Mangalam Alloys Ltd is experiencing a decline in its stock price, currently at 58.00, which represents a decrease of 1.0 or 1.69%. The stock has underperformed its sector today by 1.46%. Additionally, the stock's performance over the past week shows a decline of 0.94%, and over the past month, it has decreased by 4.45%. Although the stock has shown strong year-to-date growth of 43.21%, it is currently facing challenges, including a significant drop in investor participation, with delivery volume falling by 33.33% compared to the 5-day average. The stock is trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages, indicating mixed technical signals.
In the broader market context, the Sensex has increased by 1.10% over the past week and 1.71% over the past month, contrasting with Mangalam Alloys' negative returns during the same periods. This underperformance against the benchmark may reflect broader market trends that are not favoring the stock. While the stock has shown impressive long-term returns, the recent downturn suggests that investors may be reacting to short-term challenges, including reduced trading volume and relative weakness compared to the market.