Why is Sandur Manganese falling/rising?

As of 07-Oct, Sandur Manganese & Iron Ores Ltd is experiencing a decline in its stock price, currently at Rs 188.25, which represents a decrease of Rs 16.15 or 7.9%. Today's price summary indicates that the stock has underperformed its sector by 6.96% and has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 185.65, reflecting a significant drop of 9.17%. Despite this downturn, the stock has shown strong performance over the past week, month, year-to-date, and over three and five years, with returns of 11.49%, 23.48%, 37.29%, and 352.44% respectively. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 181.9% against the five-day average, indicating ongoing interest despite the current price drop.
Broader market context shows that while Sandur Manganese has faced a short-term decline, it has significantly outperformed the benchmark Sensex in various time frames, including a 1-week return of 11.49% compared to the Sensex's 2.07%. This suggests that the stock's recent volatility may be more reflective of specific market dynamics rather than a broader market trend. The high volatility observed today, with an intraday fluctuation of 5.49%, further indicates that investor sentiment may be reacting to short-term factors rather than long-term fundamentals, which remain strong given the stock's historical performance.