Why is Macpower CNC falling/rising?

As of 17-Sep, Macpower CNC Machines Ltd is experiencing a decline in its stock price, currently at 895.55, which reflects a decrease of 17.05 points or 1.87%. The stock has underperformed its sector today by 2.37%, and its delivery volume has significantly decreased by 61.89% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 2.97%, while it has shown a modest gain of 5.00% over the past month. However, the year-to-date performance is concerning, with a decline of 40.51%. Despite a healthy long-term growth rate in operating profit of 37.86%, the stock's valuation appears expensive with a Price to Book Value of 6.3, and it has underperformed the market significantly over the past year with a return of -31.12%.
In the broader market context, the Sensex has gained 1.43% over the past week and 2.84% over the past month, contrasting sharply with Macpower's recent performance. The stock's poor showing, particularly in comparison to the benchmark, suggests a lack of confidence among investors, as evidenced by the negligible domestic mutual fund holdings. This could indicate that institutional investors are wary of the stock's valuation and growth prospects, particularly given the flat results reported in June and the low Debtors Turnover Ratio. Overall, the combination of weak investor participation, high valuation concerns, and significant underperformance relative to the market contributes to the stock's downward movement.