Why is HMA Agro Inds. falling/rising?

As of 01-Sep, HMA Agro Industries Ltd is currently priced at 30.09, reflecting a rise of 0.14 (0.47%). The stock has shown a trend reversal by gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has underperformed significantly over the past year, with a return of -40.86%, while its profits have increased by 49%. Despite a low Debt to Equity ratio of 0.36 and a favorable PEG ratio of 0.4, the recent decline in promoter confidence, evidenced by a 1.98% reduction in their stake, raises concerns about the company's future prospects.
In the broader market context, HMA Agro Industries Ltd has experienced a short-term return of -4.72% over the past week, compared to a decline of -1.56% in the Sensex, indicating that the stock has underperformed relative to the benchmark. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 91.81% against the 5-day average suggests waning investor interest. Overall, the combination of poor long-term growth, flat quarterly results, and decreasing promoter confidence contributes to a challenging outlook for HMA Agro Industries Ltd, despite its attractive valuation metrics.