Why is Magnum Ventures falling/rising?

As of 14-Aug, Magnum Ventures Ltd is experiencing a decline in its stock price, currently at Rs. 22.49, which reflects a decrease of -0.28 or -1.23%. The stock has hit a new 52-week low of Rs. 22.21 today and has been on a consecutive downward trend for the last four days, resulting in a total drop of -6.41% during this period. Over the past week, the stock has underperformed significantly, with a return of -4.34%, while the Sensex has remained relatively stable with a change of -0.03%. Additionally, despite a rise in delivery volume by 65.15% against the 5-day average, the stock is trading below all key moving averages, indicating a bearish sentiment among investors. The company's recent performance shows a staggering -55.11% return over the past year, despite a notable increase in profits by 114.9%, leading to a low PEG ratio of 0.3, which suggests that the stock is undervalued compared to its earnings growth.
In the broader market context, Magnum Ventures has significantly underperformed the benchmark, with a one-year return of -55.11% compared to the BSE500's decline of only -0.57%. This stark contrast highlights the stock's weak long-term fundamental strength, characterized by a low average Return on Capital Employed (ROCE) of 2.14% and a concerning EBIT to Interest ratio of 1.87, indicating difficulties in servicing its debt. The company's net sales growth of only 10.42% over the past five years further underscores its poor long-term growth prospects. As a result, despite some attractive valuation metrics, the overall negative sentiment and weak financial fundamentals have contributed to the stock's recent decline.