Why is Mangalam World. falling/rising?

As of 05-Jun, Mangalam Worldwide Ltd is currently priced at 168.00, reflecting a decrease of 1.8, or 1.06%. Today's performance indicates that the stock has underperformed its sector by 1.71%. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally bullish trend. However, there has been a notable drop in investor participation, with delivery volume falling by 15.44% compared to the 5-day average. Over the past week, the stock has gained 1.76%, and over the past month, it has increased by 7.01%, although it has seen a year-to-date decline of 2.27%. The stock has shown strong long-term growth, with net sales increasing at an annual rate of 26.50% and operating profit rising by 85.25%. The stock's attractive valuation, indicated by a ROCE of 10.4 and a PEG ratio of 1.4, supports its positive outlook despite the recent price drop.
In the broader market context, Mangalam Worldwide Ltd's performance over the past year has outpaced the market, generating a return of 19.87% compared to the BSE 500's return of 8.09%. However, the stock's recent decline contrasts with its overall strong performance, as it has been technically classified as bullish. The market has shown a slight downturn, with the Sensex declining by 0.33% over the past week. This suggests that while the stock has been performing well in the long term, short-term fluctuations and reduced investor participation may be contributing to the current price decline.