Why is Manorama Indust. falling/rising?

As of 07-Jul, Manorama Industries Ltd is currently priced at 1,465.00, reflecting a decrease of 2.85 (-0.19%). The stock has recently underperformed its sector by 0.68% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this, the stock has shown strong performance over various time frames, with a year-to-date return of 37.17% and a remarkable 119.97% increase over the past year. The company has demonstrated healthy long-term growth, with net sales and operating profit increasing significantly, which has attracted institutional investors who have raised their stake by 0.71%. However, the stock's valuation appears expensive, with a high enterprise value to capital employed ratio, which may contribute to the recent price decline.
In the broader market context, the stock's short-term performance of +0.19% over the past week contrasts with the Sensex, which has decreased by 0.20%. This indicates that while Manorama Industries Ltd has managed to slightly outperform the benchmark in the short term, the recent price drop suggests a cautious sentiment among investors. The decline in delivery volume by 21.84% against the five-day average also points to falling investor participation, which could further pressure the stock price. Overall, while the company has strong fundamentals and consistent returns, the current market dynamics and valuation concerns may be influencing the stock's recent downward movement.