Why is Menon Pistons falling/rising?

As of 22-Aug, Menon Pistons Ltd is currently priced at 65.50, reflecting a decrease of 0.2, or 0.3%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 2.21% during this period. Despite this recent drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some underlying strength. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 29.63% compared to the 5-day average. While the stock has generated a negative return of 24.50% over the past year, it has shown positive results in the most recent quarter, with net sales and operating profit reaching their highest levels, which may contribute to its valuation attractiveness despite the recent price decline.
In the broader market context, Menon Pistons has outperformed the Sensex in the short term, with a 1-week return of 1.87% compared to the benchmark's 0.88%. However, the stock's year-to-date performance remains negative at -8.57%, contrasting with the Sensex's positive return of 4.05%. This divergence suggests that while the stock may be facing short-term challenges, it has shown resilience in the face of broader market trends. The company's low debt-to-equity ratio and high management efficiency, reflected in a return on equity of 17.80%, further support its potential for recovery, although the recent negative returns indicate that investors remain cautious.