Why is Mah. Corporation falling/rising?

As of 29-Aug, Maharashtra Corporation Ltd is currently priced at 0.44, with no change in price (0.00%). The stock has underperformed its sector by 0.63% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume falling by 60.44% compared to the 5-day average. Over the past year, the stock has experienced a substantial decline of 48.24%, while the company's operating losses and weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.19 and a low Return on Equity of 0.60%, further contribute to its negative performance.
In the broader market context, the stock's short-term return over the past week is -2.22%, which is worse than the benchmark Sensex's decline of 1.84%. The company has also faced a significant drop in profitability, with profits falling by 13% over the past year, which is reflected in its very expensive valuation with a Price to Book Value of 0.4. The majority shareholders being non-institutional may also indicate a lack of confidence from institutional investors, compounding the stock's struggles in a market that has generally seen a positive return year-to-date of 2.14% for the Sensex.