Why is Mercantile Vent. falling/rising?

As of 08-Jul, Mercantile Ventures Ltd is experiencing a decline in its stock price, currently at 25.69, reflecting a decrease of 0.3 or 1.15%. Today's price summary indicates that the stock has underperformed its sector by 1.1%, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a positive performance over the past week and month, with returns of 4.09% and 17.25%, respectively, although it has a negative return of 2.69% over the past year. The significant drop in delivery volume, which has fallen by 83.35% against the 5-day average, suggests a decrease in investor participation, which may be contributing to the recent price decline. However, the company has reported impressive quarterly results, including a 694.1% growth in PAT and record net sales, indicating strong underlying performance.
In the broader market context, Mercantile Ventures Ltd's short-term performance has outpaced the Sensex, which has only increased by 0.02% over the past week. Despite this, the stock's recent decline may be influenced by the falling investor participation and the underperformance relative to its sector. The attractive valuation metrics, including a low Price to Book Value and a PEG ratio of 0.1, suggest that the stock is trading at a discount compared to its peers, which could provide a foundation for future growth. However, the overall market sentiment and reduced trading activity may be overshadowing these positive factors, leading to the current price drop.