Why is Mehai Technology falling/rising?

As of 30-Sep, Mehai Technology Ltd's stock price is currently at 9.05, reflecting a decrease of 0.43 or 4.54%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 8.86% during this period. Additionally, the stock's performance today has underperformed its sector by 4.63%. Despite having higher prices than the 20-day and 50-day moving averages, it is lower than the 5-day, 100-day, and 200-day moving averages. Notably, investor participation has decreased, with delivery volume dropping by 32.25% compared to the 5-day average. While the stock has shown impressive long-term growth with a 72.50% return over the past year, it has also faced significant challenges, including a year-to-date decline of 43.88%.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 0.11% over the past week while the Sensex has declined by 2.23%. This indicates that, despite the current downturn, Mehai Technology has been able to outperform the market in the short term. The company's strong fundamentals, including a remarkable growth in net sales and operating profit, suggest potential for recovery. However, the recent price decline may be attributed to falling investor participation and the stock's inability to maintain momentum against its moving averages. Overall, while the company has demonstrated healthy long-term growth, the recent price movement reflects a combination of short-term volatility and reduced investor interest.