Why is Magnum Ventures falling/rising?

As of 28-Aug, Magnum Ventures Ltd's stock price is currently at 24.19, reflecting a decrease of 0.8 or 3.2%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.7% during this period. Despite a positive performance over the past week with a return of 5.27%, the stock has significantly underperformed the sector by 2.14% today. Additionally, while the stock has a very attractive valuation with a low PEG ratio of 0.4 and a return on capital employed (ROCE) of 2.7, it has experienced a substantial decline of 52.17% over the past year, indicating weak long-term fundamental strength. The recent quarterly profit after tax has also fallen dramatically, which may contribute to the negative sentiment surrounding the stock.
In the broader market context, Magnum Ventures has underperformed relative to the benchmark, with the Sensex showing a decline of only 2.34% over the past week, while Magnum's performance has been significantly worse. The stock's year-to-date performance is notably poor, down 38.59%, contrasting sharply with the Sensex's gain of 2.48% during the same period. This disparity highlights the challenges faced by Magnum Ventures in attracting investor confidence, despite some positive indicators such as increased investor participation and a relatively liquid trading environment. Overall, the stock's recent price movement reflects a combination of weak fundamentals and a lack of market support.