Why is Macpower CNC falling/rising?

As of 23-Jul, Macpower CNC Machines Ltd is experiencing a slight decline in its stock price, currently at 1,050.10, reflecting a decrease of 0.4 or 0.04%. The stock has underperformed its sector today by 2.37%, although it has shown a positive return of 1.26% over the past week and 11.12% over the past month. Despite these short-term gains, the stock has a troubling year-to-date return of -30.24% and a one-year return of -35.06%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth with an annual operating profit increase of 52.08%. However, it faces challenges such as a low debtors turnover ratio and a high price-to-book value, which contribute to its perception as an expensive investment.
In the broader market context, the Sensex has shown a modest increase of 0.03% over the past week and a more substantial gain of 6.66% year-to-date, indicating that while Macpower CNC has struggled, the overall market has been performing better. The stock's performance relative to the benchmark suggests that investor sentiment may be cautious, especially given that domestic mutual funds hold no stake in the company, potentially signaling a lack of confidence in its valuation or business prospects. This combination of factors contributes to the stock's current downward movement despite some positive indicators in its operational performance.