Why is Macpower CNC falling/rising?

As of 22-Sep, Macpower CNC Machines Ltd is experiencing a decline in its stock price, currently at 862.20, reflecting a decrease of 6.1 points or 0.7%. The stock's performance today is in line with the sector, although it is trading higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed with a return of -5.57%, while the Sensex has gained 0.53%. Despite a healthy long-term growth rate in operating profit of 37.86% annually, the stock has generated a negative return of -31.72% over the past year, indicating significant underperformance compared to the broader market. Additionally, the company's low debt-to-equity ratio and rising investor participation, as evidenced by a 41.89% increase in delivery volume, suggest some positive aspects, but these are overshadowed by concerns regarding its valuation and market sentiment.
Broader Market Context: In the context of the broader market, Macpower CNC's recent performance has been notably weaker than the benchmark, as it has significantly underperformed the BSE500, which recorded a negative return of -3.80% over the last year. The stock's valuation appears expensive with a price-to-book value of 6.1, and its low turnover ratio of 7.62 times raises concerns about its operational efficiency. Furthermore, the absence of domestic mutual fund investment, which typically indicates a lack of confidence in the stock's prospects, adds to the negative sentiment surrounding the company. Overall, while there are some positive indicators, the combination of poor recent performance, high valuation concerns, and low institutional interest contributes to the stock's current downward trend.