Why is Munjal Showa falling/rising?

As of 26-Jun, Munjal Showa Ltd. is experiencing a decline in its stock price, currently at Rs 128.40, which reflects a decrease of Rs 1.2 or 0.93%. Today's performance indicates that the stock has underperformed its sector by 1.26% and has fallen after two consecutive days of gains. Although the stock opened with a gain of 2.62% and reached an intraday high of Rs 133, it has shown a negative trend overall, with a 1-week return of -2.73% and a 1-month return of -9.07%. The company has a high dividend yield of 3.5%, but its profits have decreased by 9.9% over the past year, contributing to a negative sentiment among investors. Additionally, the stock's long-term growth prospects appear poor, with net sales declining at an annual rate of -0.59% and operating profit down by 32.24% over the last five years.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a 1-year return of -19.25% against the BSE 500's positive return of 4.11%. This underperformance may be exacerbated by the low participation from domestic mutual funds, which hold only 0.01% of the company, suggesting a lack of confidence in its current valuation. The stock's recent movement is further influenced by its trading at a premium compared to peers and the reliance on non-operating income, which constitutes a substantial portion of its profit before tax. Overall, these factors indicate a challenging environment for Munjal Showa Ltd., leading to its current price decline.