Why is Mamata Machinery falling/rising?

As of 27-Jun, Mamata Machinery Ltd's stock price is currently at 395.20, reflecting a decline of 14.75 points or 3.6%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decrease of 6.69% during this period. Today's trading saw the stock reach an intraday low of Rs 393.1, indicating a significant drop of 4.11%. Additionally, the stock's performance over the past week shows a decline of 5.47%, while its year-to-date performance is down by 30.50%. Despite these negative trends, the company has reported strong financial results, including a remarkable growth in net profit of 226.74% and an operating profit growth rate of 85.43%, which suggests potential for long-term recovery.
In the broader market context, Mamata Machinery's recent performance contrasts sharply with the Sensex, which has gained 2.00% over the past week and 7.58% year-to-date. This underperformance indicates that while the overall market is experiencing growth, Mamata Machinery is struggling to keep pace. The stock's liquidity remains adequate, with a significant increase in delivery volume, suggesting that investor participation is rising despite the price decline. The company's low debt-to-equity ratio and positive financial results from recent quarters could provide a foundation for recovery, but the current market sentiment appears to be weighing heavily on its stock price.