Why is Magnum Ventures falling/rising?

As of 26-Jun, Magnum Ventures Ltd is experiencing a decline in its stock price, currently at Rs 25.40, which represents a decrease of Rs 1.17 or 4.4%. The stock has underperformed its sector by 4.74% today and has been on a consecutive downward trend for the last two days, with a total decline of 4.69% in that period. Additionally, the stock has touched an intraday low of Rs 24.75, reflecting high volatility with an intraday fluctuation of 5.11%. Over the past week, Magnum Ventures has seen a return of -2.31%, and its performance over the last month has been significantly worse at -11.06%. Despite some positive quarterly results, such as a 247.7% growth in profit before tax and a 119.9% increase in profit after tax compared to previous quarters, the stock's long-term fundamentals remain weak, with a return on capital employed (ROCE) of only 2.14% and a significant decline in profits over the past year.
In the broader market context, Magnum Ventures has notably underperformed compared to the benchmark Sensex, which has gained 2.94% over the past week and 1.92% over the past month. The stock's year-to-date performance shows a staggering decline of 35.52%, while the Sensex has increased by 7.19% during the same period. This stark contrast highlights the challenges faced by Magnum Ventures, particularly its weak long-term growth prospects and inability to service its debt effectively, which have contributed to its negative returns of -51.14% over the past year, compared to the market's positive performance.