Why is Manugraph India falling/rising?

As of 24-Oct, Manugraph India Ltd's stock price is currently at 21.60, reflecting a decline of 0.93, or 4.13%. The stock has underperformed its sector today by 3.48%, with a delivery volume that has decreased by 11.22% compared to the 5-day average, indicating falling investor participation. Despite the company reporting impressive net sales growth of 151.07% and positive results over the last two quarters, the stock's performance over the past week and month shows declines of 3.18% and 1.77%, respectively. Additionally, while the stock is trading above its 50, 100, and 200-day moving averages, it is below its 5 and 20-day moving averages, suggesting a short-term weakness in momentum.
In the broader market context, the Sensex has shown a slight increase of 0.33% over the past week and a more substantial rise of 2.95% over the past month, contrasting with Manugraph India's negative returns during the same periods. This underperformance against the benchmark may be contributing to the stock's decline, as investors might be favoring other opportunities in the market. Overall, while the company has demonstrated strong operational results, the recent price movement reflects a combination of reduced trading activity and a lack of momentum compared to the broader market trends.