Why is Maruti Sec. falling/rising?

As of 03-Sep, Maruti Securities Ltd is experiencing a decline in its stock price, currently at Rs 79.64, which represents a decrease of 4.19 (-5.0%). The stock opened with a gain of 5% today, reaching an intraday high of Rs 88.02, but has since fallen significantly, underperforming its sector by 5.84%. Despite a remarkable performance over the past year with a return of 784.89%, the stock has shown signs of weakness, particularly with a negative book value and a substantial drop in profit after tax, which fell by 98.2% compared to the previous four-quarter average. Additionally, the delivery volume has decreased by 61.63% against the five-day average, indicating falling investor participation. In the broader market context, while Maruti Securities has outperformed the Sensex in the short term with a 15.45% return over the past week compared to a slight decline of 0.27% for the benchmark, the stock's recent volatility and the trend reversal after 20 consecutive days of gains suggest a correction phase. The company's weak long-term fundamental strength, highlighted by poor growth in net sales and operating profit, adds to the risk perception among investors, contributing to the stock's current downward movement.