Why is Magnum Ventures falling/rising?

As of 28-Jul, Magnum Ventures Ltd is experiencing a decline in its stock price, currently at Rs 24.03, reflecting a decrease of Rs 0.72 or 2.91%. The stock has underperformed its sector by 0.59% today and is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 4.7% above Rs 22.9. Over the past week, Magnum Ventures has seen a return of -3.26%, and its performance over the last month is down by 7.29%. Despite some positive quarterly results indicating growth in profit before tax and profit after tax, the stock's long-term fundamentals remain weak, with a significant decline of 54.67% over the past year, coupled with a poor return on capital employed.
In the broader market context, the Sensex has declined by 1.59% over the past week and 3.77% over the past month, indicating a challenging environment for stocks in general. However, Magnum Ventures' performance has been notably worse, highlighting its struggles compared to the market. The company's weak long-term growth prospects, as evidenced by a low average return on capital employed and a poor EBIT to interest ratio, further contribute to investor concerns. The falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence in the stock, reinforcing its downward trajectory amidst a generally negative market sentiment.