Why is Sandur Manganese falling/rising?

As of 17-Oct, Sandur Manganese & Iron Ores Ltd is experiencing a decline in its stock price, currently at Rs 217.65, which reflects a decrease of Rs 11.7 or 5.1%. The stock has underperformed its sector by 4.35% today and has been on a downward trend for the last two days, accumulating a total decline of 5.78%. Despite touching an intraday high of Rs 234.7, the stock also reached a low of Rs 216. The stock has shown strong performance over longer periods, with a 1-month return of 36.34% and a year-to-date return of 58.74%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio and consistent growth in net sales and operating profit, which may support its long-term value despite the recent price drop.
Broader market context indicates that while Sandur Manganese has faced short-term challenges, its performance over the past week has still outpaced the benchmark Sensex, which gained only 1.76% during the same period compared to the stock's 5.94% increase. However, the recent decline in investor participation, with a significant drop in delivery volume, suggests a potential decrease in market confidence. The stock's liquidity remains adequate for trading, but the recent price movement may reflect broader market sentiments or profit-taking by investors after a strong performance in previous periods.