Why is Munjal Auto Inds falling/rising?

As of 19-Aug, Munjal Auto Industries Ltd is experiencing a price increase, with the current price at Rs 78.69, reflecting a change of Rs 3.51 or 4.67% upward. Today's price summary indicates that the stock outperformed its sector by 2.21%, reaching an intraday high of Rs 79.49. The stock has shown a 5.75% increase over the past week, although it has a negative return of -0.94% over the last month and a significant decline of -19.25% year-to-date. Despite the recent positive movement, the company has faced challenges, including a -23.00% return over the past year and a -53.5% drop in profits, which may weigh on investor sentiment. However, the stock's attractive valuation, characterized by a low Debt to EBITDA ratio and a high dividend yield of 3.99%, suggests potential for long-term growth.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.76% over the past week. While Munjal Auto has outperformed the sector recently, its year-to-date performance remains significantly lower than the Sensex's positive return of 4.49%. The company has also underperformed the market over the last year, with a return of -23.00% compared to the BSE500's decline of only -0.91%. The limited interest from domestic mutual funds, holding only 0.08% of the company, may indicate a lack of confidence in the stock's current valuation or business prospects, further complicating its market position.