Why is Maha Rashtra Apx falling/rising?

As of 12-Aug, Maha Rashtra Apex Corporation Ltd is experiencing a decline in its stock price, currently at Rs 101.70, reflecting a decrease of 1.0 (-0.97%). The stock has been underperforming, with a consecutive fall over the last two days resulting in a total decline of -1.79%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -39.46%, while its profits have significantly decreased by -96.9%. Despite having strong long-term fundamental strength indicated by an average Return on Equity (ROE) of 19.94%, the stock is trading at a premium compared to its peers, which may be contributing to its recent price movement.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.22% compared to the Sensex's -0.59%. This underperformance is consistent with its long-term trend, where it has lagged behind the BSE500 over various time frames. The negative results reported in March, including a significant drop in profit before tax and profit after tax, further exacerbate the stock's challenges. While there has been a rise in investor participation, as indicated by a 26.94% increase in delivery volume, the overall sentiment remains cautious due to the stock's historical performance and current valuation concerns.