Why is Meghmani Organi. falling/rising?

As of 24-Jul, Meghmani Organics Ltd is currently priced at 97.33, reflecting a decrease of 0.67, or 0.68%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.18%. In terms of performance relative to the benchmark, the stock has shown a 1.54% decline over the past week, while it has increased by 1.41% over the past month. Despite a strong year-to-date return of 26.53% and positive operating profit growth, the stock's recent movement is hindered by falling investor participation, as evidenced by a 37.89% drop in delivery volume compared to the five-day average.
Broader market context indicates that while Meghmani Organics has outperformed the broader market over the past year, generating a return of 19.38% compared to the BSE500's 0.99%, its recent performance has been lackluster. The stock is trading below its short-term moving averages, which may signal a bearish sentiment among investors. Additionally, the stock's liquidity remains adequate, but the recent decline in trading volume suggests a potential decrease in investor interest, contributing to the stock's downward movement despite its attractive valuation and positive financial results over the past quarters.