Why is Maruti Sec. falling/rising?

As of 18-Jul, Maruti Securities Ltd is experiencing a decline in its stock price, currently at Rs 39.47, which reflects a decrease of 2.08 (-5.01%). The stock has underperformed its sector by 4.72% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 39.47, indicating a significant drop. Despite a remarkable 304.82% return over the past year and consistent performance over the last three years, the stock is facing challenges due to a negative book value and weak long-term fundamental strength, which have contributed to its recent price movement.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.33%, while the Sensex has only decreased by 0.90%. This underperformance highlights the stock's struggles relative to the benchmark. Additionally, while the stock has seen increased investor participation with a 124.14% rise in delivery volume, the overall sentiment remains cautious due to flat results and a lack of growth in net sales and operating profit. The combination of these factors suggests a challenging environment for Maruti Securities Ltd, leading to its current price decline.