Why is Macpower CNC falling/rising?

As of 30-Jun, Macpower CNC Machines Ltd is experiencing a decline in its stock price, currently at 1,012.85, which represents a decrease of 20.65 or 2.0%. The stock has underperformed its sector by 2.37% today, although it is trading higher than its 5-day, 20-day, and 50-day moving averages, but lower than its 100-day and 200-day moving averages. Over the past week, the stock has shown a return of +7.18%, while in the last month, it has increased by +11.73%. However, the year-to-date performance is concerning, with a decline of -32.72%. The company has a low debt-to-equity ratio and has shown healthy long-term growth with an annual operating profit increase of 52.08%. Nonetheless, the stock's valuation appears expensive with a price-to-book value of 7.2, and its return on equity stands at 18.2%. Additionally, domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current valuation.
In the broader market context, the Sensex has increased by 2.18% over the past week, which highlights that Macpower CNC's short-term performance is lagging behind the benchmark. While the stock has shown strong returns over a three-year period at +421.01%, its one-year return of -27.03% contrasts sharply with the Sensex's +6.27% return, suggesting that the stock is struggling relative to the overall market. The flat results reported in March and the lowest debtors turnover ratio of 7.62 times further contribute to the negative sentiment surrounding the stock, indicating potential operational challenges that investors are wary of.