Why is Maha Rashtra Apx falling/rising?

As of 22-Jul, Maha Rashtra Apex Corporation Ltd is currently priced at Rs 109.00, reflecting a decrease of Rs 3.0 or 2.68%. The stock has underperformed its sector today by 2.47%, having touched an intraday low of Rs 107.25, which represents a decline of 4.24%. Over the past week, the stock has seen a return of -0.91%, and its performance over the last month is down by 3.15%. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 58.61% compared to the five-day average. Despite having strong long-term fundamentals, including an average Return on Equity (ROE) of 19.94%, the stock's valuation is under pressure due to a drastic decline in profits, which have fallen by 96.9% over the past year.
In the broader market context, the stock's performance has lagged behind the Sensex, which has shown a slight increase of 5.18% year-to-date, while Maha Rashtra Apex has declined by 26.40% in the same period. This underperformance is further highlighted by the stock's returns over the past year, which stand at -31.38%, contrasting sharply with the Sensex's modest gain of 2.09%. The negative results reported in March, including a significant drop in profit after tax and a decline in profit before tax, have contributed to the stock's unfavorable outlook. Overall, the combination of poor recent performance, declining investor interest, and disappointing financial results has led to the stock's current downward trajectory.