Why is Morgan Ventures falling/rising?

As of 31-Jul, Morgan Ventures Ltd is experiencing a decline in its stock price, currently at 109.00, reflecting a decrease of 0.7 or 0.64%. Today's price summary indicates that the stock's performance is in line with its sector, although it is trading lower than its 5-day, 20-day, and 50-day moving averages while remaining above the 100-day and 200-day moving averages. The stock has seen a rise in investor participation, with a delivery volume increase of 3.96% compared to the 5-day average. Despite a negative return of 2.68% over the past week and a 6.44% decline over the past month, the company has demonstrated strong long-term fundamental strength, with a notable average Return on Equity (ROE) of 18.78% and significant growth in net sales and operating profit.
In the broader market context, Morgan Ventures' recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has declined by only 1.22% over the past week and 3.00% over the past month. However, the stock has shown impressive returns over the longer term, generating a 118.13% return over the past year and a staggering 422.78% over the past three years, significantly outperforming the BSE500. This strong performance is supported by consistent growth in profits and a favorable PEG ratio of 0, indicating attractive valuation despite the recent price decline. The majority shareholders being promoters further adds to the stock's stability, although the recent short-term movements suggest a cautious sentiment among investors.