Why is Makers Labs. falling/rising?

As of 23-Jun, Makers Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 144.10, which reflects a decrease of Rs 3.05 or 2.07%. The stock has underperformed its sector by 2.06% today and has been on a downward trend for the past three days, accumulating a total loss of 6.73%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the company reporting positive results over the last four quarters, including a significant increase in profits and sales, the long-term fundamental strength appears weak, with a -36.75% CAGR growth in operating profits over the last five years and a low average return on equity of 5.03%.
In the broader market context, the stock's performance over the past week shows a decline of 6.43%, while the benchmark Sensex has slightly increased by 0.12%. This stark contrast highlights the stock's underperformance relative to the market. Although the company has demonstrated attractive valuations and a solid increase in profits, the recent trends in stock price and investor participation suggest a lack of confidence among investors, further exacerbated by the weak long-term growth outlook.