Why is Menon Bearings falling/rising?

As of 01-Aug, Menon Bearings Ltd is experiencing a decline in its stock price, currently at Rs 131.10, which reflects a decrease of Rs 6.25 or 4.55%. The stock has underperformed its sector by 3.33% today and has been on a downward trend for the last two days, with a total decline of 6.19% during this period. Additionally, the stock touched an intraday low of Rs 130.4. Despite showing positive returns over longer periods, such as a 10.17% increase year-to-date and a significant 241.41% rise over the past five years, the recent performance indicates a drop in investor participation, with delivery volume falling by 61.91% against the five-day average. The company maintains a low debt-to-equity ratio of 0.10, which is generally favorable, but this has not prevented the recent price decline.
In the broader market context, Menon Bearings' short-term performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week, while the stock itself has gained 0.65% in the same timeframe. However, the stock's recent consecutive falls and lower trading volumes suggest a lack of momentum compared to the benchmark. Overall, while the stock has performed well over longer periods, the current downward trend and reduced investor engagement are contributing to its recent price decline.