Why is MMP Industries falling/rising?

As of 21-Jul, MMP Industries Ltd is experiencing a decline in its stock price, currently at 286.80, reflecting a decrease of 0.7 or 0.24%. The stock has underperformed its sector by 1.73% today, and its delivery volume has fallen by 10.74% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has decreased by 1.22%, while it has shown a positive return of 9.77% over the past month. Despite a year-to-date decline of 14.85%, the company has reported a profit increase of 22.9% over the past year, with a PEG ratio of 0.8 suggesting attractive valuation. However, the stock's long-term growth prospects are hindered by a high debt-equity ratio and poor performance in key financial metrics, which may contribute to the current price decline.
In the broader market context, MMP Industries' recent performance contrasts with the Sensex, which has shown a slight increase of 0.03% over the past week. While the stock has outperformed the benchmark over a three-year period with a return of 79.76% compared to the Sensex's 51.10%, its year-to-date performance is significantly lagging behind the index's 6.12% gain. The lack of investment from domestic mutual funds, which hold 0% of the company, may also reflect a lack of confidence in the stock's current valuation and future growth potential, further contributing to its downward price movement.