Why is Makers Labs. falling/rising?

As of 23-Sep, Makers Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 138.10, which reflects a decrease of Rs 2.95 or 2.09%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 2.61% during this period. It is trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Additionally, the stock has underperformed the sector by 1.74% today, and its delivery volume has decreased significantly, down 34.55% from the 5-day average. Despite a notable increase in profits over the past year, the stock has generated a negative return of -13.66%, coupled with weak long-term fundamental strength, which includes a -16.73% CAGR growth in operating profits over the last five years.
In the broader market context, the stock's short-term performance is notably worse than the benchmark, with a 1-week return of -4.06% compared to the Sensex's -0.34%. This underperformance is further highlighted by the stock's year-to-date return of -23.72% against the Sensex's positive 5.07%. While the company has a very attractive valuation with a low Price to Book Value and a high return on equity, these factors are overshadowed by its recent poor performance and declining investor participation. The overall market sentiment appears to be cautious, contributing to the stock's downward trajectory.