Why is Manugraph India falling/rising?

As of 21-Aug, Manugraph India Ltd's stock price is currently at 22.69, reflecting a decrease of 0.46, or 1.99%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 5.85% during this period. Additionally, the stock has underperformed its sector by 2.91% today. Despite this short-term decline, the company has shown strong performance over the past month with an increase of 11.01% and has reported impressive growth in net sales of 151.07% in its latest quarterly results, which may indicate underlying strength. However, the recent drop in delivery volume by 70.12% against the 5-day average suggests a decrease in investor participation, which could be contributing to the stock's current downward trend.
In the broader market context, the Sensex has increased by 1.74% over the past week, contrasting with Manugraph India's decline of 1.18% during the same period. This indicates that while the overall market is performing well, Manugraph India is lagging behind. The stock's performance over the longer term remains positive, with a year-to-date increase of 6.03%, which is slightly above the Sensex's 4.94% gain. However, the recent consecutive declines and reduced trading volume may signal caution among investors, despite the company's strong financial results in the previous quarters.