Why is MTAR Technologie falling/rising?

As of 23-Jul, MTAR Technologies Ltd is experiencing a decline in its stock price, currently at 1,529.00, reflecting a decrease of 9.0 points or 0.59%. The stock's performance today is in line with the sector, but it is noteworthy that it is trading lower than the 5-day, 20-day, 50-day, and 200-day moving averages, although it remains higher than the 100-day moving average. Additionally, the stock has shown a negative return over various periods, including a 1-month decline of 9.20% and a year-to-date drop of 7.16%. The delivery volume has also decreased significantly, falling by 25.39% against the 5-day average, indicating a reduction in investor participation. Despite these challenges, the company boasts high management efficiency with a return on capital employed (ROCE) of 15.98% and a low debt-to-EBITDA ratio of 0.62 times, suggesting a strong ability to service its debt.
In the broader market context, the Sensex has shown a positive return of 1.01% over the past month, contrasting with MTAR Technologies' significant decline. This underperformance relative to the benchmark highlights the stock's struggles in attracting investor interest, despite its high institutional holdings of 31.09%, which typically indicates a robust analysis of the company's fundamentals. The recent financial results have been positive, with net sales growing by 27.92% and a higher profit after tax of Rs 48.45 crore for the nine-month period ending March 25, yet these factors have not translated into a favorable stock price movement. Overall, the combination of declining investor participation and underperformance against the benchmark suggests that MTAR Technologies is facing headwinds in the current market environment.