Why is Magnum Ventures falling/rising?

As of 08-Jul, Magnum Ventures Ltd is experiencing a decline in its stock price, currently at 25.12, which reflects a decrease of 0.57 or 2.22%. The stock has underperformed its sector by 2.03% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 5.24%, and its year-to-date performance shows a significant drop of 36.23%. Despite a notable increase in delivery volume by 111.52% compared to the 5-day average, the stock's long-term fundamentals remain weak, with a return on capital employed (ROCE) of only 2.14% and a poor EBIT to interest ratio of 1.87. Additionally, while there were positive quarterly results showing growth in profit before tax and profit after tax, the overall trend indicates a substantial decline in profits over the past year.
In the broader market context, Magnum Ventures has significantly underperformed compared to the benchmark, with a one-year return of -53.00% against the BSE500's positive return of 1.98%. This stark contrast highlights the challenges faced by the company, particularly in terms of long-term growth and debt servicing capabilities. The stock's weak performance relative to the market and its peers, combined with the lack of strong fundamental strength, contributes to the ongoing decline in investor confidence and the stock's price.