Why is Meera Industries falling/rising?

As of 19-Jun, Meera Industries Ltd is currently priced at 71.19, reflecting a decrease of 1.2 or 1.66%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 5.08% during this period. Despite this recent drop, the stock has shown strong performance over the past year, generating a return of 53.26%, significantly outperforming the broader market. However, the stock's delivery volume has decreased sharply by 82.27% compared to the five-day average, indicating a decline in investor participation. While the company has an attractive valuation with a return on capital employed (ROCE) of 12.7 and a low PEG ratio of 0.1, it also faces challenges such as weak long-term fundamental strength, evidenced by a low return on equity (ROE) of 7.13% and stagnant growth in net sales and operating profit over the past five years.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark, with a 1-week return of 2.48% against a decline of 0.40% in the Sensex. However, year-to-date, Meera Industries has underperformed with a decline of 6.06%, while the Sensex has gained 4.12%. This mixed performance suggests that while the stock has had periods of strong returns, recent trends and fundamental weaknesses may be contributing to its current price decline. The overall market sentiment and the stock's liquidity, which remains sufficient for trading, will be crucial in determining its future price movements.