Why is MMP Industries falling/rising?

As of 14-Jul, MMP Industries Ltd's stock price is currently at 290.35, reflecting a decrease of 4.05, or 1.38%. The stock has underperformed its sector by 0.84% today, and while it is trading above its 20-day, 50-day, and 100-day moving averages, it is below its 5-day and 200-day moving averages. The stock has shown a modest increase of 0.38% over the past week, but it has a year-to-date decline of 13.79%. Despite a 22.9% rise in profits over the past year, the stock has generated a negative return of 4.41%, indicating potential concerns about its long-term growth prospects. The company's low debt-to-equity ratio and attractive valuation metrics, including a PEG ratio of 0.8, suggest that it is trading at a discount compared to peers, yet the lack of domestic mutual fund investment may indicate a lack of confidence in its future performance.
In the broader market context, MMP Industries' recent performance contrasts with the Sensex, which has gained 6.08% year-to-date. The stock's short-term return of 0.38% over the past week is better than the Sensex's decline of 1.49% during the same period, highlighting some resilience. However, the overall market sentiment appears to be cautious, as indicated by the falling investor participation, with a significant drop in delivery volume. This suggests that while the stock may have some attractive valuation metrics, the market is currently skeptical about its growth potential, contributing to its recent price decline.