Why is Manorama Indust. falling/rising?

As of 25-Jul, Manorama Industries Ltd is currently priced at Rs 1,569.90, experiencing a decline of Rs 22.65, which represents a decrease of 1.42%. The stock is performing well overall, as indicated by its recent returns, including a 14.84% increase over the past month and a remarkable 127.09% rise over the last year. Today's price summary shows that the stock is 3.96% away from its 52-week high and has touched an intraday low of Rs 1,546.1. Despite this decline, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 85.67% against the 5-day average. The company's strong financial performance, with a 39.66% annual growth in net sales and a 58.58% increase in operating profit, supports its status as a strong buy, although it faces risks due to its high valuation metrics.
In the broader market context, the stock's short-term performance has outpaced the benchmark, with a 0.96% increase over the past week compared to a 0.36% decline in the Sensex. This indicates that while the stock is currently experiencing a slight decline, it has shown resilience and strong growth relative to the market. The stock's performance over the last three years has been exceptional, generating returns of 565.24%, which further highlights its strong position in the market despite the recent price drop.