Why is Sandur Manganese falling/rising?

As of 26-Aug, Sandur Manganese & Iron Ores Ltd is experiencing a decline in its stock price, currently at Rs 429.50, reflecting a decrease of Rs 16.3 or 3.66%. The stock has underperformed its sector by 1.72% today and has been on a consecutive downward trend for the last five days, with a total return of -8.24% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company showing strong financial health with a low Debt to EBITDA ratio and consistent growth in net sales and operating profit, the stock's performance over the past year has been poor, with a return of -14.99%, significantly underperforming the broader market.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex only declining by 1.05% over the past week. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 0.95% in the last quarter, suggesting a lack of confidence from more sophisticated investors. While the company has demonstrated strong fundamentals and positive quarterly results, the overall market sentiment and recent trends in the mining and minerals sector, which has also seen a decline of 2.1%, contribute to the stock's downward trajectory.