Why is Munjal Auto Inds falling/rising?

As of 04-Jul, Munjal Auto Industries Ltd is experiencing a decline in its stock price, currently at 78.01, reflecting a decrease of 1.03 or 1.3%. The stock has recently underperformed its sector by 1.97% and has seen a trend reversal after five consecutive days of gains. In terms of returns, the stock has shown a 5.28% increase over the past week, but it has declined by 3.25% over the past month and 19.95% year-to-date. Despite a strong ability to service debt and healthy long-term growth in operating profit, the stock's performance has been negatively impacted by a significant drop in profits over the past year and a low stake held by domestic mutual funds, which may indicate a lack of confidence in the stock's current valuation.
Broader market context shows that while the stock has underperformed the market over the past year, with a return of -13.44% compared to the Sensex's 4.23%, it has outperformed the benchmark in the short term with a positive return over the last week. The broader market has generated returns of 2.13% in the last year, highlighting the stock's struggle to keep pace. The current liquidity of the stock remains adequate for trading, but the overall negative sentiment surrounding its recent performance and the significant drop in PAT may contribute to the ongoing decline in its price.