Why is Mercantile Vent. falling/rising?

As of 08-Sep, Mercantile Ventures Ltd is experiencing a decline in its stock price, currently at 29.57, which reflects a decrease of 0.13 or 0.44%. The stock has underperformed its sector by 0.76% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.1%. Despite a positive performance over the past month with a 4.12% increase, the stock has seen a significant drop in delivery volume, falling by 85.17% against the 5-day average. The stock is currently trading above its longer-term moving averages but below its 5-day moving average, indicating some short-term weakness. Positive factors include strong net sales growth of 21.59% and a higher profit after tax, which contribute to its attractive valuation relative to peers.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.53% over the past week. While Mercantile Ventures has shown strong long-term performance, outperforming the BSE500 over various periods, its short-term struggles may be attributed to declining investor participation and recent price movements. The stock's year-to-date return of 28.51% and a 12.05% increase over the past year highlight its overall strength, but the recent downturn suggests that market sentiment may be shifting, impacting its immediate performance.