Why is Maha Rashtra Apx falling/rising?

As of 28-Jul, Maha Rashtra Apex Corporation Ltd is experiencing a decline in its stock price, currently at Rs 103.75, reflecting a decrease of Rs 4.25 or 3.94%. The stock has underperformed significantly, with a 1-week return of -7.37% and a 1-month return of -8.43%. It is also close to its 52-week low, just 3.61% away from Rs 100. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 26.36% compared to the 5-day average. Despite having strong long-term fundamentals, including an average Return on Equity (ROE) of 19.94% and an attractive valuation, the stock's performance has been marred by a significant profit decline of 96.9% over the past year.
In the broader market context, Maha Rashtra Apex Corporation's performance has been notably weaker than the benchmark, with the Sensex showing a decline of only 1.59% over the same 1-week period. The stock has generated a return of -37.14% over the last year, contrasting sharply with the Sensex's positive return of 3.52% year-to-date. This underperformance is compounded by negative financial results, including a 97.88% drop in profit after tax over the latest six months, which has contributed to the stock's downward trajectory. Overall, the combination of poor short-term performance, declining investor interest, and disappointing financial results has led to the stock's current decline.