Why is Menon Bearings falling/rising?

As of 13-Aug, Menon Bearings Ltd is experiencing a decline in its stock price, currently at Rs 129.00, which represents a decrease of Rs 5.25 or 3.91%. The stock has underperformed its sector by 4.82% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 128.4, indicating a significant drop of 4.36%. Over the past week, the stock has decreased by 0.42%, but it has shown positive performance over the past month with a return of 3.16%. The company maintains a low Debt to Equity ratio of 0.10 times, which is generally viewed favorably, but this may not be sufficient to offset the recent negative price movement.
In the broader market context, the Sensex has remained relatively flat with a change of -0.01% over the past week, suggesting that the decline in Menon Bearings' stock price is not entirely reflective of the overall market trend. However, the stock's performance over the past month has outpaced the benchmark, which has decreased by 2.38%. This indicates that while the stock is currently facing downward pressure, it has shown resilience in the longer term, with a year-to-date return of 8.40% compared to the Sensex's 3.07%. The rising investor participation, as evidenced by a 51.88% increase in delivery volume, may provide some support for the stock moving forward, despite its current decline.