Why is Sandur Manganese falling/rising?

As of 13-Nov, Sandur Manganese & Iron Ores Ltd is experiencing a decline in its stock price, currently at Rs 219.35, which reflects a decrease of Rs 5.05 or 2.25%. Despite this drop, the stock has shown strong performance over the past week, with a return of 9.70%, and has outperformed the Sensex, which only increased by 1.40%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, it underperformed its sector today by 1.45%, and the stock touched an intraday low of Rs 218, down 2.85%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio and significant growth in net sales and operating profit, but the small stake held by domestic mutual funds may signal caution regarding the stock's current valuation.
In the broader market context, Sandur Manganese's recent performance contrasts with the benchmark, as it has significantly outperformed the Sensex over various periods, including a year-to-date return of 59.98% compared to the Sensex's 8.11%. This strong performance may not be fully reflected in the current price movement, suggesting that market sentiment could be influenced by external factors or investor caution despite the company's solid fundamentals. The rising investor participation, indicated by a substantial increase in delivery volume, suggests that there is still interest in the stock, but the recent price decline may reflect broader market trends or investor sentiment rather than company-specific issues.