Why is Mahaveer Infoway falling/rising?

As of 29-Jul, Mahaveer Infoway Ltd's stock price is currently at Rs. 6.57, reflecting a decrease of Rs. 0.1, or 1.5%. The stock has recently hit a new 52-week low of Rs. 6.44 and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 6.41% during this period. Additionally, the stock has underperformed its sector by 1.41% today and is trading below all key moving averages. The stock's performance over the past week shows a significant decline of 10%, and it has experienced a 20.56% drop over the past year, indicating consistent underperformance against the benchmark indices. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 3.11% and a negative EBIT to Interest ratio, further contribute to the stock's declining value.
In the broader market context, Mahaveer Infoway's recent performance contrasts sharply with the Sensex, which has only declined by 1.03% over the past week. The stock's year-to-date performance is particularly concerning, showing a decline of 30.48%, while the Sensex has gained 4.09% during the same period. This stark difference highlights the stock's ongoing struggles and lack of investor confidence, as evidenced by a significant drop in delivery volume, which has decreased by 58.14% against the five-day average. Overall, the combination of weak financial metrics, poor growth prospects, and negative market sentiment has led to the stock's continued decline.