Why is Munjal Auto Inds falling/rising?

As of 28-Aug, Munjal Auto Industries Ltd is experiencing a decline in its stock price, currently at 88.74, reflecting a decrease of 0.96 or 1.07%. The stock has underperformed its sector today by 0.94%, and it has fallen after six consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 3.85% and 15.19%, respectively. However, the stock has generated a negative return of 18.40% over the past year, coinciding with a significant drop in profits of 53.5%. The company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.12 times, and it offers a high dividend yield of 3.34%, which may provide some support to its valuation.
In the broader market context, while Munjal Auto Industries has outperformed the Sensex over the past week and month, the benchmark has shown a decline of 2.34% and 1.00%, respectively. This indicates that the stock's recent gains were not enough to sustain its momentum amid a generally unfavorable market environment. Additionally, a notable decrease in investor participation, with delivery volume falling by 22.48% against the five-day average, suggests waning interest among investors. Overall, while the stock has attractive long-term growth prospects and is trading at a discount compared to its peers, the recent price movement reflects a combination of profit declines and reduced trading activity, contributing to its current downward trend.