Why is Munjal Showa falling/rising?

As of 21-Jul, Munjal Showa Ltd. has seen its stock price rise to 152.65, reflecting an increase of 2.15 or 1.43%. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline. Despite opening with a loss of 2.23% and touching an intraday low of Rs 147.15, the stock outperformed its sector by 1.75%. Over the past week, the stock has decreased by 1.26%, while it has shown a notable increase of 14.86% over the past month. However, it is important to note that the stock has generated a return of -1.86% over the past year, with profits declining by 9.9%. The company's low debt-to-equity ratio and fair valuation suggest some stability, but the stock is trading at a premium compared to its peers.
In the broader market context, while the Sensex has seen a slight decline of 0.06% over the past week, Munjal Showa's performance has been relatively weaker, with a year-to-date return of 4.63% compared to the Sensex's 5.20%. The stock's recent gains may be attributed to a recovery after a short-term decline, but the overall performance remains mixed when viewed against the benchmark. Additionally, falling investor participation, as indicated by a significant drop in delivery volume, could pose challenges for sustained upward movement in the stock price.