Why is Mangalam Alloys falling/rising?

As of 06-Oct, Mangalam Alloys Ltd is experiencing a decline in its stock price, currently at 54.80, which reflects a decrease of 1.05 or 1.88%. Today's performance indicates that the stock has underperformed its sector by 0.8%. In terms of returns, the stock has shown a positive performance over the past week with an increase of 3.59%, but it has declined by 10.53% over the past month. While it is currently trading above its 5-day and 200-day moving averages, it is below its 20-day, 50-day, and 100-day moving averages. There are no specific positive or negative factors provided that could explain the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.80% over the past week, Mangalam Alloys' performance indicates a relative weakness despite its short-term gains. The stock's year-to-date return of 35.31% significantly outpaces the Sensex's 6.06%, suggesting that while the stock has performed well over a longer timeframe, its recent decline may be influenced by short-term market fluctuations or sector-specific challenges. Overall, the stock's current underperformance relative to both its sector and the benchmark may be contributing to the observed price decline.