Why is Mayur Uniquoters falling/rising?

As of 19-Nov, Mayur Uniquoters Ltd is experiencing a decline in its stock price, currently at Rs 501.15, which reflects a decrease of Rs 17.4 or 3.36%. The stock has been on a downward trend, losing value for the last three days with a total decline of 6.62% during this period. It has also touched an intraday low of Rs 499.15. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the footwear sector has seen a decline of 3.21%, and there has been a significant drop in investor participation, with delivery volume falling by 57.3% compared to the 5-day average. Over the past year, the stock has generated a return of -13.18%, despite a 12.4% increase in profits, suggesting that market sentiment may not be fully reflecting the company's financial performance.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 0.85% over the past week and 1.47% over the past month. This underperformance is further highlighted by the stock's year-to-date decline of 17.66% against the Sensex's increase of 9.02%. While the company boasts a high return on equity of 15.34% and a low debt-to-equity ratio, which are positive indicators, these factors have not been sufficient to counteract the recent negative price movements and broader sector challenges. The stock's valuation remains attractive, trading at a discount to its peers, but the current market dynamics and investor sentiment appear to be weighing heavily on its price.