Why is Macpower CNC falling/rising?

As of 21-Aug, Macpower CNC Machines Ltd is currently priced at 836.60, reflecting an increase of 12.4 or 1.5%. Today's performance indicates that the stock has outperformed its sector by 1.95%, despite trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a decline of 1.91%, and it has significantly underperformed in the last month with a drop of 20.36%. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, it has also faced challenges such as flat results in June and a low debtors turnover ratio. The stock's valuation appears expensive with a price-to-book value of 5.9, and domestic mutual funds hold no stake, which may indicate a lack of confidence in the stock's current price.
Broader market context shows that while the Sensex has gained 1.84% over the past week, Macpower CNC has experienced a decline, highlighting its underperformance relative to the broader market. The stock's year-to-date return stands at -44.43%, contrasting sharply with the Sensex's positive return of 6.09%. This significant disparity suggests that investor sentiment towards Macpower CNC is cautious, especially given its substantial drop over the past year compared to the market's slight decline. The combination of these factors contributes to the stock's recent price movement, indicating a complex interplay of investor sentiment and market performance.