Why is Maithan Alloys falling/rising?

As of 01-Sep, Maithan Alloys Ltd. is currently priced at 1,046.00, reflecting a slight increase of 1.0 (0.1%). The stock has shown a recent upward movement, gaining for the last two days with a total return of 0.63%. However, it has underperformed its sector by 2.33% today. Over the past week, the stock has decreased by 3.15%, and it has generated a negative return of 8.88% over the past year, indicating a consistent underperformance against benchmarks. Additionally, while the company has a low debt-to-equity ratio and an attractive valuation, its profits have declined by 4.8%, and domestic mutual funds hold no stake in the company, which may reflect a lack of confidence in its future prospects.
Broader market context shows that the stock's short-term performance is not favorable compared to the benchmark, as it has underperformed the Sensex by 1.56% over the past week and 0.29% over the past month. The broader market has shown a slight positive trend, with the Sensex gaining 2.85% year-to-date, contrasting with Maithan Alloys' decline of 5.77% in the same period. This disparity highlights the challenges faced by Maithan Alloys in attracting investor interest, particularly in light of its flat sales growth and the significant drop in its profit after tax over the last six months.