Why is Sandur Manganese falling/rising?

As of 04-Jul, Sandur Manganese & Iron Ores Ltd is currently priced at Rs 494.00, reflecting a decrease of Rs 2.05 or 0.41%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 2.34% and 2.22%, respectively. It is noteworthy that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 353.25% against the 5-day average. However, the stock has underperformed over the past year, generating a return of -12.47%, despite a substantial increase in profits.
In the broader market context, while the Sensex has gained 3.01% over the past month, Sandur Manganese's performance has lagged, reflecting a disconnect between the stock and the overall market trends. The company's strong long-term fundamentals, including a high return on capital employed and consistent positive quarterly results, suggest potential for future growth. However, the stock's expensive valuation relative to peers and its recent underperformance in the market may be contributing to the current price decline. Overall, while there are positive indicators for long-term growth, the recent price movement reflects a combination of profit-taking after gains and concerns over valuation.