Why is Munjal Auto Inds falling/rising?

As of 02-Jul, Munjal Auto Industries Ltd is experiencing a price increase, currently at 77.77, reflecting a change of 0.69 or 0.9% upward. The stock has shown a positive trend, gaining for the last four days with a total return of 5.12% during this period. It is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a short-term bullish sentiment. However, despite this recent uptick, the stock has underperformed over the past month with a decline of 4.06%, and a significant year-to-date drop of 20.19%. The company has a low Debt to EBITDA ratio of 1.12, suggesting a strong ability to service debt, and its operating profit has grown at an annual rate of 39.61%. However, the stock's negative performance over the past year, with a return of -14.07%, and a decline in profits by 15.4% may be weighing on investor sentiment.
In the broader market context, the stock's short-term performance of +3.45% over the past week has outpaced the Sensex, which has only increased by 0.79%. Despite this, the stock has significantly lagged behind the benchmark in the longer term, with a year-to-date performance that is notably worse than the Sensex's gain of 6.75%. The low stake held by domestic mutual funds, at just 0.08%, may indicate a lack of confidence in the stock's valuation or business prospects, further contributing to its underperformance relative to the market. Overall, while there are some positive indicators for Munjal Auto Industries Ltd, the negative trends in profitability and market sentiment continue to pose challenges for the stock's recovery.