Why is M K Exim India falling/rising?

As of 18-Aug, M K Exim (India) Ltd is experiencing a decline in its stock price, currently at Rs 73.75, which reflects a decrease of Rs 1.35 or 1.8%. The stock has been underperforming, having fallen for the last eight consecutive days, resulting in a total decline of 13.77% during this period. Although the stock opened with a gain of 6.25% today and reached an intraday high of Rs 79.79, it ultimately touched a low of Rs 73.1. In terms of returns, the stock has underperformed the benchmark Sensex, with a 1-week return of -6.65% compared to the Sensex's gain of 0.83%, and a year-to-date return of -14.18% against the Sensex's increase of 4.01%. Despite the company's healthy long-term growth indicators, including a significant increase in net profit and operating profit, the recent price movement suggests a lack of investor confidence, as evidenced by a 20.1% decline in delivery volume.
Broader market context indicates that while the textile sector has gained by 2.43%, M K Exim's performance has been notably weaker. The stock's recent struggles are compounded by falling investor participation and a liquidity level that, while adequate, does not seem to attract significant trading interest. The company's low debt-to-equity ratio and fair valuation compared to peers may provide some support, but the persistent downward trend and negative short-term returns highlight a disconnect between the company's fundamentals and market sentiment. Overall, the stock's recent performance reflects broader challenges in attracting investor confidence amidst a declining price trend.