Why is Shanthi Gears falling/rising?

As of 17-Jul, Shanthi Gears Ltd. is currently priced at 533.20, reflecting a decrease of 0.35 (-0.07%). The stock has underperformed its sector by 0.26% today and has experienced a trend reversal after two consecutive days of gains. Despite this decline, Shanthi Gears has shown positive performance over the past week with a return of 4.98%, although it has underperformed over the past year with a significant drop of 21.95%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 34.57%. However, recent flat results and a decrease in profit after tax by 9.5% compared to the previous quarter have raised concerns about its valuation, which is considered expensive relative to its peers.
Broader market context indicates that while the stock has generated a negative return over the past year, the broader market, represented by the BSE500, has produced a slight positive return of 0.26%. This stark contrast highlights the stock's underperformance in the market. Additionally, despite rising investor participation indicated by a significant increase in delivery volume, the overall sentiment appears cautious, as domestic mutual funds hold a minimal stake in the company, suggesting a lack of confidence at current price levels. The combination of these factors contributes to the stock's recent decline, as it struggles to regain momentum amidst broader market conditions.