Why is Maan Aluminium falling/rising?

As of 30-Jun, Maan Aluminium Ltd's stock price is currently at Rs 122.50, reflecting a decline of Rs 4.3 or 3.39%. The stock has been underperforming, having fallen consecutively for the last two days, with a total return decrease of 3.51% during this period. It touched an intraday low of Rs 119.2, indicating significant selling pressure. Over the past week, the stock has underperformed the sector by 3.04%, and while it has shown a positive return of 8.53% over the last month, it has still generated a negative return of 14.87% over the past year. The company's financial performance has raised concerns, with a notable decline in profits of 52.51% in the latest six months, alongside poor long-term growth metrics, which may contribute to investor hesitation.
In the broader market context, Maan Aluminium's recent performance contrasts sharply with the benchmark Sensex, which has gained 2.09% over the past week and 7.00% year-to-date. This stark difference highlights the stock's struggle to attract investor confidence, especially given that domestic mutual funds hold no stake in the company, suggesting a lack of comfort with its valuation or business prospects. The stock's current valuation appears expensive relative to its returns, further exacerbating its underperformance compared to the market. Overall, the combination of declining profits, poor long-term growth, and lack of institutional support has led to the stock's recent downward movement.