Why is Mangalam World. falling/rising?

As of 02-Sep, Mangalam Worldwide Ltd is currently priced at Rs. 190.60, reflecting an increase of 0.55 (0.29%). The stock has recently hit a new 52-week high of Rs. 196.6, indicating strong upward momentum. However, it has underperformed its sector by 0.4% today, and there has been a notable decline in investor participation, with delivery volume dropping by 36.17% against the 5-day average. Despite this, the stock has shown impressive returns over various periods, including a 43.63% increase over the past year, supported by healthy growth in net sales and operating profit. The company's fair valuation and strong long-term growth prospects contribute positively to its recent price movement.
In the broader market context, Mangalam Worldwide Ltd's performance has outpaced the Sensex, which has seen a decline of 0.54% over the past week, while the stock itself has gained 0.29%. The stock's strong returns over the past year and its ability to outperform the BSE500 in the long term further highlight its resilience in a challenging market environment. Overall, while the stock is experiencing a slight increase today, the drop in investor participation and sector underperformance may pose challenges moving forward.