Why is Minda Corp falling/rising?

As of 05-Aug, Minda Corporation Ltd is experiencing a decline in its stock price, currently at Rs 484.85, which reflects a decrease of Rs 11.2 or 2.26%. The stock has underperformed its sector by 2.34% today, with an intraday low of Rs 481.25, marking a 2.98% drop. Over the past week, the stock has decreased by 5.15%, and it has shown a negative return of 7.02% over the past month. Despite a strong ability to service debt and healthy long-term growth in net sales and operating profit, the company is facing challenges, including a significant drop in profit after tax and low return on capital employed, which may contribute to investor concerns.
In the broader market context, Minda Corporation's short-term performance has lagged behind the benchmark Sensex, which has only declined by 0.77% over the past week. The stock's liquidity appears adequate, but a notable decrease in delivery volume suggests falling investor participation, which could further pressure the stock price. While the company has high institutional holdings that typically indicate confidence from knowledgeable investors, the current valuation concerns and recent profit declines may overshadow these positives, leading to the stock's downward movement.