Why is Majestic Auto falling/rising?

As of 22-Sep, Majestic Auto Ltd's stock price is currently at 345.10, reflecting a decrease of 0.55, or 0.16%. The stock has been underperforming recently, having fallen for the last three days with a total decline of 1.4%. Despite outperforming its sector by 0.55% today, the stock's delivery volume has decreased significantly, indicating falling investor participation. Over the past year, the stock has generated a return of -17.22%, which is substantially worse than the broader market's decline of -2.82%. The company's weak long-term fundamentals, characterized by a -8.35% CAGR growth in operating profits over the last five years and a low return on equity of 2.59%, further contribute to its negative price movement.
In the broader market context, while Majestic Auto's short-term performance has been relatively better than the benchmark with a 2.37% increase over the past week compared to the Sensex's 0.46%, the long-term outlook remains bleak. The stock's significant underperformance over the last year, coupled with a poor EBIT to interest ratio of 1.76 and a concerning decline in profitability, suggests that investors are cautious. The stock is trading at a premium compared to its peers, which, along with its flat results and low profitability metrics, indicates a challenging environment for the company moving forward.