Why is Meghmani Organi. falling/rising?

As of 18-Jul, Meghmani Organics Ltd is currently priced at 98.48, reflecting a decrease of 0.37 (-0.37%). The stock has been experiencing a downward trend, having fallen for the last three consecutive days with a total decline of 3.43% during this period. Despite this recent drop, the stock has shown strong performance over the past month, with a return of 9.47%, and a year-to-date increase of 28.03%. The company has reported positive financial results, including a significant growth in operating profit and net sales, which have contributed to its attractive valuation. However, the stock's recent decline may be influenced by falling investor participation, as indicated by a 9.55% decrease in delivery volume compared to the five-day average.
In the broader market context, the stock's short-term performance has outpaced the benchmark, with the Sensex showing a decline of 0.90% over the past week. While the stock has generated a return of 22.14% over the past year, the overall market has struggled, with the BSE500 index reporting negative returns of -0.36%. This contrast highlights Meghmani Organics Ltd's ability to perform well despite broader market challenges, although the recent consecutive falls suggest a potential shift in investor sentiment or market conditions that may be affecting its short-term price movement.