Why is Mangalam World. falling/rising?

As of 30-Oct, Mangalam Worldwide Ltd's stock price is currently at 228.21, reflecting a decrease of 10.21 points or 4.28%. Today's price summary indicates that the stock has underperformed its sector by 3.8%, with a notable decline in investor participation, as evidenced by a 35.8% drop in delivery volume compared to the 5-day average. Despite this recent downturn, the stock has shown strong performance over the past year, generating a return of 37.23%, and has reported positive financial results, including a 26.98% growth in net sales and the highest operating profit to net sales ratio at 6.57%. The company's attractive valuation, with a PEG ratio of 1.5, suggests that it remains a hold despite the current price decline.
In the broader market context, the stock's short-term performance over the past week shows a decline of 5.42%, while the benchmark Sensex has remained relatively flat with a change of -0.05%. This underperformance in the short term contrasts with the stock's strong long-term returns, where it has outperformed the BSE500 over the last three years, one year, and three months. The recent price drop may be attributed to the falling investor participation and the stock's inability to maintain momentum against the backdrop of a generally stable market.