Why is Manorama Indust. falling/rising?

As of 24-Oct, Manorama Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,437.30, which represents a decrease of Rs 51.4 or 3.45%. The stock has been under pressure, having fallen consecutively for the last two days, with a total drop of 3.95% during this period. Today's trading saw the stock reach an intraday low of Rs 1,436.45, and it has been trading below its 5-day, 20-day, and 100-day moving averages, despite being above the 50-day and 200-day averages. The stock's performance over the past week shows a decline of 5.82%, contrasting with the Sensex, which has gained 0.31%. While the company has shown strong long-term growth, with a 34.58% increase year-to-date and a remarkable 460.68% rise over three years, recent investor participation has waned, with delivery volumes dropping significantly. In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex in the short term. The solvent extraction sector, in which Manorama operates, has also seen a decline of 4.16%, indicating sector-wide challenges. Additionally, institutional investor participation has decreased, with a 1.06% reduction in their stake, which may contribute to the stock's downward pressure as these investors typically have more resources to analyze company fundamentals. Despite the company's impressive growth metrics and consistent returns over the past year, these negative factors, including falling investor participation and sector performance, are influencing the stock's current decline.