Why is Menon Bearings falling/rising?

As of 31-Jul, Menon Bearings Ltd's stock price is currently at Rs 137.35, reflecting a decrease of Rs 2.4 or 1.72%. The stock has underperformed its sector by 0.79% today and has experienced a trend reversal, falling after four consecutive days of gains. It touched an intraday low of Rs 131.9, which is a decline of 5.62%. Despite this drop, the stock has shown strong performance over various periods, with a 12.08% increase over the past week and an impressive 257.68% rise over the last five years. The company maintains a low debt-to-equity ratio of 0.10, indicating financial stability, which may support its long-term performance despite the recent decline.
In the broader market context, Menon Bearings' short-term performance contrasts with the Sensex, which has declined by 1.22% over the past week. While the stock has outperformed the benchmark in the long term, including a 15.42% year-to-date return compared to the Sensex's 3.90%, the recent drop in investor participation, with a 16.89% decrease in delivery volume, suggests a potential cooling of interest among investors. This decline in trading activity, combined with the stock's current underperformance relative to its sector, may contribute to the recent price movement.